Wage Premiums for College Graduates
Recent Growth and Possible Explanations
Datos Bibliográficos
| ID | 9730747 |
|---|---|
| Autores | Kevin Murphy (0000-0001-8982-3641, The University of Chicago, Chicago, Illinois 60637., autor de correspondencia), Finis Welch (The University of California, Los Angeles, California 90024 and the Unicon Research Corporation, Los Angeles, California 90064.) |
| Año | 1989 |
| Volumen | 18 |
| Número | 4 |
| Páginas | 17 |
| Fecha de publicación | 1989-05-01 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | Educational Researcher (JOURNAL) |
| Identificadores de la revista | ISSN: 0013-189X • E-ISSN: 1935-102X |
| Editorial | American Educational Research Association (AERA) (PUBLISHER) |
| DOI | 10.2307/1176647 |
| OpenAlex | W4234219851 |
| Idioma | EN |
| Citas recibidas | 42 |
| Referencias citadas | 3 |
Against a general trend over the last 25 years of increasing wage differentials between college and high school graduates, two departures are noteworthy. Between 1971 and 1979, the college wage premium fell by about a third for young graduates and somewhat less for older workers. To some, this narrowing wage differential marked the end of an era when investments in college yielded returns comparable to other investments. In retrospect, the decline in the 1970s was a temporary phenomenon caused by a rapid increase in numbers of college graduates and the baby boom cohorts' entry into the job market. Then, between 1979 and 1986, the college wage premium rose very sharply, exceeding anything found in earlier data. After documenting changes in the college wage premium between 1963 and 1986, we explore dimensions of the recent increase by age, race, and sex, as well as the wage differentials between high school dropouts and graduates and between college dropouts and graduates. Although alternative explanations of earlier departures from the general trend can be found, the sole explanation for the recent dramatic rise in the premium is that the demand for college-trained workers has increased hugely
Baby boom · Boom · Demographic economics · Differential (mechanical device · Economics · Fell · Geography · Hourly wage · Labour economics · Population · Sociology · Wage · Wage growth · Demography · Higher Education Research Studies · Labor market dynamics and wage inequality
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| Obras citantes distintas | 40 |
|---|---|
| Citas por año | 1,17 |
| Intervalo de citas | 1990 - 2023 (34) |
| Velocidad de citación | historical |
| Altamente citado | No |
| Tipos de cita | Neutras: 41 |