The Quantity and Quality of Schooling and U.S. Labor Productivity Growth (1870–2000)

Rangazas, Peter

doi:10.1006/redy.2002.0165

Cited by 40 publications

(29 citation statements)

References 45 publications

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“…We plan to explore this question in more detail in future work. Rangazas (2002) and Restuccia & Vandenbroucke (2008) present alternative macroeconomic studies of this issue, which abstract from heterogeneity in student ability.…”

Section: Related Literaturementioning

confidence: 99%

“…We pool all observations within a given school group and regress the log real wage on a quartic in experience. We assume that the residual wage is governed by a process of the form log(w j,t ) = α j + X j,t β + ζ j,t + ε j,t (19) ζ i,t = ρζ i,t−1 +ε i,t (20) where the error terms ε i,t˜N (0, σ ε ) andε i,t˜N (0, σ ζ ) are independently distributed. log(w j,t )…”

Section: A3 Psid Datamentioning

confidence: 99%

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Student Abilities during the Expansion of U.S. Education, 1950-2000

Hendricks

Schoellman

2009

SSRN Journal

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Since 1950, U.S. educational attainment has increased substantially. While the median student in 1950 dropped out of high school, the median student today attends some college. In an environment with ability heterogeneity and positive sorting between ability and school tenure, the expansion of education implies a decrease in the average ability of students conditional on school attainment. Using a calibrated model of school choice under ability heterogeneity, we investigate the quantitive impact of rising attainment on ability and measured wages. Our findings suggest that the decline in average ability depressed wages conditional on schooling by 31-58 percentage points. We also find that the entire rise in the college wage premium since 1950 can be attributed to the rising mean ability of college graduates relative to high school graduates. JEL: I2, J24.

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Section: Related Literaturementioning

confidence: 99%

Section: A3 Psid Datamentioning

confidence: 99%

Student Abilities during the Expansion of U.S. Education, 1950-2000

Hendricks

Schoellman

2009

SSRN Journal

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“…34 This scenario involves setting both w1930 = 1.2 and γ1930 = 1.2. According to Rangazas (2002), primary and secondary public education expenditures per pupil increased more than fourfold over the period 1880 to 1930, so that this is likely to be a conservative parameterization. If the productivity and schooling effectiveness were 40 percent higher (so that w1930 = 1.4 and γ1930 = 1.4), then ET W H would be 24 percent lower, and the per period earnings would be about three times larger for the cohort born in 1930 compared to the cohort born in 1880.…”

Section: Resultsmentioning

confidence: 99%

Life Expectancy, Schooling, and Lifetime Labor Supply: Theory and Evidence Revisited

2013

Econometrica

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu This paper presents a theoretical and empirical analysis of the role of life expectancy for optimal schooling and lifetime labor supply. The results of a simple prototype Ben-Porath model with age-specific survival rates show that an increase in lifetime labor supply is not a necessary, nor a sufficient, condition for greater life expectancy to increase optimal schooling. The observed increase in survival rates during working ages that follows from the "rectangularization" of the survival function is crucial for schooling and labor supply. The empirical results suggest that the relative benefits of schooling have been increasing across cohorts of US men born . A simple quantitative analysis shows that a realistic shift in the survival function can lead to an increase in schooling and a reduction in lifetime labor hours. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SJEL Classification: E20, J22, J24, J26, O11

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“…Bils and Klenow (2000) estimate rates of return of 20% or more for currently developing countries with low levels of schooling. Rangazas (2002) uses a calibration approach to estimate the returns to schooling for the U.S. in 1870. His estimates range between 16 and 20%.…”

Section: Returns To Schooling (θ)mentioning

confidence: 99%