No Can Do? A Test of the Textbook Model of Labor Markets
This study exploits Britain~s expansion of its higher education system between 1988 and 1994 to show that the recent increase in college attaimnent growth rates has decreased college premiums for Britain's youngest workers. This is in line with the predictions from an adverse supply shock in a simple aggregate model of relative demand for and supply of college labor. Moreover, this paper conjec* tures that a simple demand-supply model can go a substantial distance towards explaining the variation in the UK economy-wide average return to college and overall wage inequality.
Volume (Year): LII (2007)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: |
Web page: http://www.econ.kuleuven.be
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ete:revbec:20070202. 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: (Hilde Roos)
If references are entirely missing, you can add them using this form.