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Evolution of Gender Differences in Education, College Majors, Labor Supply, and Earnings: A General Equilibrium Model

Author

Listed:
  • Matt Wiswall

    (New York University)

  • Ahu Gemici

    (New York University)

Abstract

Over the past forty years, the distribution of fields of study among college graduates has undergone substantial changes. The number of graduates in humanities and education has declined, while the number of engineering, law and business graduates has increased, especially for women. In this paper, we develop and estimate an overlapping generations general equilibrium model of human capital investment and employment decisions to understand the wage inequality and employment patterns of the past 30 years. Our departure from the previous literature is that we formulate skill class by post-secondary elds of study, rather than by education level (e.g. college or no college) or occupation. We overcome the absence of field of study information in CPS and Census data by using alternative data sources which characterize the changes in field of study composition across cohorts. We develop a method for estimating the demand for unobserved skill classes (speci c to elds of study) by combining these di erent data sources.

Suggested Citation

  • Matt Wiswall & Ahu Gemici, 2010. "Evolution of Gender Differences in Education, College Majors, Labor Supply, and Earnings: A General Equilibrium Model," 2010 Meeting Papers 511, Society for Economic Dynamics.
    • Handle: RePEc:red:sed010:511
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    Cited by:

    1. Keller, Elisa, 2014. "The slowdown in American educational attainment," Journal of Economic Dynamics and Control, Elsevier, vol. 46(C), pages 252-270.

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