Goldin and Katz and Education Policy Failings in Historical Perspective
In The Race Between Education and Technology, Claudia Goldin and Lawrence Katz employ a powerful theoretical framework to investigate how inequality is affected by the interrelation between changes in technology and changes in job-market skills. The investigation is carried out with great vision and a combination of scholarly methods. In this review essay, we embrace the theoretical core of the book, but find a number of problems in the execution. We see a need to distinguish between attending school and acquiring the pertinent skills; we criticize the way that Goldin and Katz talk about â€œyears of schoolingâ€ as a continuous variable, when the underlying phenomenon is that the combination of high school graduation rates and college attendance rates increased more slowly after 1970 primarily because of a slowdown in the former, a slowdown which was arithmetically driven by the fact that high school graduation rates can only go up to 100 percent. We criticize the way they break up time periods in a way that buries the productivity acceleration of 1990-2005. This increase in productivity growth suggests that in the race between education and technology the speed of the latter is more important than the slowdown of the former. We see a need to recognize the profound institutional changes that occurred during the twentieth century, for their consequences can help to explain why the populationsâ€™ skills are not â€œkeeping upâ€ with technology. Finally, Goldin and Katz make a reasonable argument that the wage premium for college graduates would be lower if more young people earned qualitymaintained college degrees. However, at the margin, sending additional students to college probably does little or nothing to increase the number of successful college graduates.
Volume (Year): 6 (2009)
Issue (Month): 1 (January)
|Contact details of provider:|| Postal: Enterprise Hall, Room 354, 4400 University Drive, 3G4 Fairfax, VA 22030|
Phone: (703) 993-1151
Web page: https://econjwatch.org/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ejw:journl:v:6:y:2009:i:1:p:2-20. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jason Briggeman)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.