The Impact of Demographic Change on Human Capital Accumulation
This paper investigates whether and to what extent demographic change has an impact on human capital accumulation. The effect of the relative cohort size on educational attainment of young adults in Germany is analyzed utilizing data from the German Socio-Economic Panel forWest-German individuals of the birth cohorts 1966 to 1986. These are the cohorts which entered the labor market since the 1980’s. Particular attention is paid to the effect of changes in labor market conditions, which constitute an important channel through which demographic change may affect human capital accumulation. Our findings suggest that the variables measuring demographic change exert a considerable though heterogeneous impact on the human capital accumulation of young Germans. Changing labor market conditions during the 1980’s and 1990’s exhibit a sizeable impact on both the highest schooling and the highest professional degree obtained by younger cohorts.
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- 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 for the Study of Labor (IZA).
- Fertig, Michael & Schmidt, Christoph M., 2003. "Gerontocracy in Motion? - European Cross-Country Evidence on the Labor Market Consequences of Population Ageing," RWI Discussion Papers 8, Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI).
- Wright, Robert E, 1991. "Cohort Size and Earnings in Great Britain," Journal of Population Economics, European Society for Population Economics, vol. 4(4), pages 295-305, November.
- Christoph Schmidt, 2000. "The heterogeneity and cyclical sensitivity of unemployment : and exploration of German labour market flows ; the European unemployment problem," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, vol. 1(1), pages 17-20, October.
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