The impact of demographic change on human capital accumulation
AbstractThis paper investigates whether and to what extent demographic change has an impact on human capital accumulation. The effect of the relative cohort size on educational attainment of young adults in Germany is analyzed utilizing data from the German Socio-Economic Panel for West-German individuals of the birth cohorts 1966 to 1986. These are the cohorts which entered the labor market since the 1980s. Particular attention is paid to the effect of changes in labor market conditions, which constitute an important channel through which demographic change may affect human capital accumulation. Our findings suggest that the variables measuring demographic change exert a considerable though heterogeneous impact on the human capital accumulation of young Germans. Changing labor market conditions during the 1980s and 1990s exhibit a sizeable impact on both the highest schooling and the highest professional degree obtained by younger cohorts.
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Bibliographic InfoArticle provided by Elsevier in its journal Labour Economics.
Volume (Year): 16 (2009)
Issue (Month): 6 (December)
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Web page: http://www.elsevier.com/locate/labeco
Demographic change Schooling Vocational training;
Other versions of this item:
- Christoph M. Schmidt & Michael Fertig & Mathias G. Sinning, 2009. "The Impact of Demographic Change on Human Capital Accumulation," Ruhr Economic Papers 0107, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
- Fertig, Michael & Schmidt, Christoph M. & Sinning, Mathias, 2009. "The Impact of Demographic Change on Human Capital Accumulation," IZA Discussion Papers 4180, Institute for the Study of Labor (IZA).
- Michael Fertig & Christoph M. Schmidt & Mathias G. Sinning, 2009. "The Impact of Demographic Change on Human Capital Accumulation," CEPR Discussion Papers 608, Centre for Economic Policy Research, Research School of Economics, Australian National University.
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
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