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Cited by 1,140Labor market dynamics and wage inequalityIntergenerational and Educational Inequality StudiesEducation and Labor Relations

Can Falling Supply Explain the Rising Return to College for Younger Men? A Cohort-Based Analysis

Card, D., Lemieux, T.·2001·The Quarterly Journal of Economics
DOI 10.1162/00335530151144140
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Abstract

Although the college-high school wage gap for younger U. S. men has doubled over the past 30 years, the gap for older men has remained nearly constant. In the United Kingdom and Canada the college-high school wage gap also increased for younger relative to older men. Using a model with imperfect substitution between similarly educated workers in different age groups, we argue that these shifts reflect changes in the relative supply of highly educated workers across age groups. The driving force behind these changes is the slowdown in the rate of growth of educational attainment that began with cohorts born in the early 1950s in all three countries.

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  • Several studies find substantial effects of GI benefits on college enrollment and attainment, using cohort-based variation in enlistment rates.

    “Several studies (Card & Lemieux, 2001;Bound & Turner, 2002;Stanley, 2003) find substantial effects of GI benefits on college enrollment and attainment, using cohort-based variation in enlistment rates.”

    From College Costs, Financial Aid, and Student Decisions (2022) · cites this paper as Card & Lemieux, 2001

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Authors
Card, D., & Lemieux, T.
Affiliations
National Bureau of Economic Research (US)
ORCID
Card, D.
Venue
The Quarterly Journal of Economics
Publisher
Oxford University Press (OUP)
Published
2001-05-01
Volume
116
Issue
2
Pages
705-746
ISSN
  • 0033-5533 (ISSN-L)
  • 1531-4650
DOI
10.1162/00335530151144140
OpenAlex
W2146020513
Cited by
1,140
References
0
Citations by year
2026: 26 · 2025: 47 · 2024: 40 · 2023: 44 · 2022: 51 · 2021: 51 · 2020: 46 · 2019: 51 · 2018: 55 · 2017: 55 · 2016: 52 · 2015: 52 · 2014: 58 · 2013: 50 · 2012: 51
FWCI
77.58
Type
journal article
Language
en
Open access
closed
Locations
  • The Quarterly Journal of Economics (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Labor market dynamics and wage inequality
  • Social Sciences › Sociology and Political Science › Intergenerational and Educational Inequality Studies
  • Social Sciences › Political Science and International Relations › Education and Labor Relations
Keywords
returns to college, age cohorts, young men, wage inequality, United States, United Kingdom, Canada

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