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The Effect of Cohort Composition on Human Capital Accumulation across Generations

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  • Connelly, Rachel
  • Gottschalk, Peter

Abstract

This article develops analytic links between cohort composition and human capital accumulation across generations. By focusing on cohort composition rather than cohort size, it offers new links between demographic change and economic outcomes. The model shows that changes in the educational attainment of parents and changes in relative fertility rates between educational classes affect human capital accumulation of the next generation. The main prediction of the model, of a negative behavioral feedback, is shown to be consistent with data on the probability of attending college for men born between 1927 and 1962. Copyright 1995 by University of Chicago Press.

Suggested Citation

  • Connelly, Rachel & Gottschalk, Peter, 1995. "The Effect of Cohort Composition on Human Capital Accumulation across Generations," Journal of Labor Economics, University of Chicago Press, vol. 13(1), pages 155-176, January.
    • Handle: RePEc:ucp:jlabec:v:13:y:1995:i:1:p:155-76
    DOI: 10.1086/298371
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    1. Rachel Connelly, 1986. "A Framework for Analyzing the Impact of Cohort Size on Education and Labor Earning," Journal of Human Resources, University of Wisconsin Press, vol. 21(4), pages 543-562.
    2. Wachter, Michael L & Wascher, William L, 1984. "Leveling the Peaks and Troughs in the Demographic Cycle: An Application to School Enrollment Rates," The Review of Economics and Statistics, MIT Press, vol. 66(2), pages 208-215, May.
    3. Evangelos M. Falaris & H. Elizabeth Peters, 1992. "Schooling Choices and Demographic Cycles," Journal of Human Resources, University of Wisconsin Press, vol. 27(4), pages 551-574.
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    Cited by:

    1. Margarita Sapozhnikov & Robert K. Triest, 2007. "Population aging, labor demand, and the structure of wages," Working Papers 07-8, Federal Reserve Bank of Boston.
    2. Middendorf, Torge, 2007. "The Impact of Cohort Size and Local Labor Market Conditions on Human Capital Accumulation in Europe," Ruhr Economic Papers 10, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    3. Fertig, Michael & Schmidt, Christoph M. & Sinning, Mathias G., 2009. "The impact of demographic change on human capital accumulation," Labour Economics, Elsevier, vol. 16(6), pages 659-668, December.
    4. Torge Middendorf, 2007. "The Impact of Cohort Size and Local Labor Market Conditions on Human Capital Accumulation in Europe," Ruhr Economic Papers 0010, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
    5. repec:zbw:rwirep:0010 is not listed on IDEAS
    6. Michael Papadopoulos & Margarita Patria & Robert K. Triest, 2017. "Population Aging, Labor Demand, and the Structure of Wages," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 42(3), pages 453-474, July.
    7. Fertig, Michael & Schmidt, Christoph M., 2003. "Gerontocracy in Motion? European Cross-Country Evidence on the Labor Market Consequences of Population Ageing," IZA Discussion Papers 956, Institute of Labor Economics (IZA).
    8. repec:zbw:rwidps:0008 is not listed on IDEAS
    9. Lopez-Valcarcel, Beatriz Gonzalez & Quintana, Delia Davila, 1998. "Economic and Cultural Impediments to University Education in Spain," Economics of Education Review, Elsevier, vol. 17(1), pages 93-103, February.
    10. Michael Fertig & Christoph M. Schmidt, 2004. "Gerontocracy in Motion? – European Cross-Country Evidence on the Labor Market Consequences of Population Ageing," RWI Discussion Papers 0008, Rheinisch-Westfälisches Institut für Wirtschaftsforschung.

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