Working Paper: NBER ID: w9028
Authors: Kerwin Kofi Charles; Mingching Luoh
Abstract: This paper summarizes the dramatic changes in relative male-females educational attainment over the past three decades. Stock measures of education among the entire adult population show rising attainment levels for both men and women, with men enjoying an advantage in schooling levels throughout this interval. Cohort specific analysis reveals that these stock measures mask two interesting patterns: (a) gender difference at the cohort level had vanished by the early 1950 birth cohort and reversed sign ever since; (b) for several cohorts, attainment rates were flat for women and flat and falling for men. This last is puzzling in the face of the large college premia that these cohorts observed when making their schooling choices. We present a simple human capital model showing how the anticipated dispersion of future wages should affect educational investment and find that a model which includes measures of future earnings dispersion fits the data for relative schooling patterns quite well.
Keywords: No keywords provided
JEL Codes: I20; J16; J24
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| expected earnings inequality (D31) | educational investment decisions (I26) |
| anticipated dispersion of future wages (J39) | educational investment decisions (I26) |
| historical context of educational attainment (I24) | educational attainment levels among men (I24) |
| expected college premium (D29) | educational investment decisions (I26) |
| anticipated college premium (A21) | educational attainment levels among men (I24) |