Replication data for: Explaining the Evolution of Educational Attainment in the United States
Principal Investigator(s): View help for Principal Investigator(s) Rui Castro; Daniele Coen-Pirani
Version: View help for Version V1
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replication-material | 10/12/2019 07:24:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 03:24:PM |
Project Citation:
Castro, Rui, and Coen-Pirani, Daniele. Replication data for: Explaining the Evolution of Educational Attainment in the United States. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114068V1
Project Description
Summary:
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We study the evolution of educational attainment of the 1932-1972 cohorts using a human capital investment model with heterogeneous learning ability. Inter-cohort variation in schooling is driven by changes in skill prices, tuition, and education quality over time, and average learning ability across cohorts. Under static expectations the model accounts for the main empirical patterns. Rising skill prices for college explain the rapid increase in college graduation until the 1948 cohort. The decline in average learning ability, calibrated to match the evolution of test scores, explains half of the stagnation in college graduation between the 1948 and 1972 cohorts.
Scope of Project
JEL Classification:
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I23 Higher Education; Research Institutions
I24 Education and Inequality
I26 Returns to Education
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
J31 Wage Level and Structure; Wage Differentials
N32 Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy: U.S.; Canada: 1913-
I23 Higher Education; Research Institutions
I24 Education and Inequality
I26 Returns to Education
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
J31 Wage Level and Structure; Wage Differentials
N32 Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy: U.S.; Canada: 1913-
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