Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/51752 
Year of Publication: 
2010
Series/Report no.: 
IZA Discussion Papers No. 5295
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
This paper presents new evidence that increases in college enrollment lead to a decline in the average quality of college graduates between 1960 and 2000, resulting in a decrease of 6 percentage points in the college premium. We show that although a standard demand and supply framework can qualitatively account for the trend in the college and age premia over this period, substantial quantitative adjustments still need to be made to account for changes in quality.
Subjects: 
inequality
college premium
composition effects
JEL: 
J0
Document Type: 
Working Paper

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