4 novembre 2013, 17h00–18h30
Toulouse
Salle MS 001
Political Economy Seminar
Résumé
Can the educational attainment of the 1932-1972 cohorts be explained by the evo- lution of skill prices, tuition, and education expenditures? A model of investment in human capital with heterogeneous learning ability is calibrated to match the ed- ucational attainment of the 1932 and 1972 cohorts. According to the model, college attainment should have grown relatively slowly for the 1932-1948 cohorts and rela- tively quickly for the 1960-1972 cohorts. The data shows the opposite pattern. When extended to allow for cross-cohort variation in average learning ability, calibrated to match the evolution of high school dropout rates, the model explains the attainment data well.
Mots-clés
Educational Attainment; Human Capital; Skill Prices; Inequality; Cohorts;
Codes JEL
- I24: Education and Inequality
- J24: Human Capital • Skills • Occupational Choice • Labor Productivity
- J31: Wage Level and Structure • Wage Differentials
- O11: Macroeconomic Analyses of Economic Development