Egalitarianism and the Returns to Education during the Great Transformation of American Education
Secondary school education greatly expanded in the United States from 1910 to 1940, setting its schooling attainment apart from that of all other countries. Barely 10 percent of youth were high school graduates in 1910, but by the mid 1930s the median youth had a high school diploma. In some regions, by the 1930s enrollment and graduation rates rose to levels that were as high as they would be two decades later. The issue addressed here concerns the economic impact of the large increase in the supply of educated labor. Evidence is presented concerning the sharp decline in the wage premium to ordinary white†collar workers. With the expansion of the high school, large numbers of Americans competed for positions in the coveted white†collar sector. Although the return to a year of high school remained considerable on the eve of World War II, egalitarianism had evened the playing field for a substantial segment of Americans.
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| Length: | |
| Date of creation: | 1999 |
| Publication status: | Published in Journal of Political Economy |
| Handle: | RePEc:hrv:faseco:2623652 |
| Contact details of provider: | Postal: Littauer Center, Cambridge, MA 02138 Phone: 617-495-2144 Fax: 617-495-7730 Web page: http://www.economics.harvard.edu/ More information through EDIRC
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1, 01.
- Raquel Fernandez & Richard Rogerson, 1995.
"On the Political Economy of Education Subsidies,"
Review of Economic Studies,
Oxford University Press, vol. 62(2), pages 249-262.
- Raquel Fernandez & Richard Rogerson, 1994. "On the political economy of education subsidies," Staff Report 185, Federal Reserve Bank of Minneapolis.
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