المستودع الأكاديمي جامعة المدينة

Diverging Patterns of Education Premium and School Attendance in France and the US: A Walrasian View

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dc.creator de la Croix, David
dc.creator Docquier, Frédéric
dc.date 2003
dc.date.accessioned 2013-10-16T07:08:36Z
dc.date.available 2013-10-16T07:08:36Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20088
dc.identifier ppn:368834441
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20088
dc.description We evaluate the effect of technology, demographics and policy on the differential evolution of the skill premium and on the rise in education investment in France and the USA. We use a computable general equilibrium model with overlapping generations of individuals, and endogenous education decisions. Human capital is made of two substitutable components, experience and education, both of them evolve endogenously over time. We calibrate this model on the post-war period and run counterfactual experiments to assess the effect of the different exogenous variables. French expansionary education policy boosted the supply of skills and kept the skill premium low. On the contrary, increasing education costs in the US contributed to increase wage differentials by reducing the supply of skills. The skill biased technical shock is key to understand rising school attendance and appears delayed in France.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 846
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject D58
dc.subject J31
dc.subject ddc:330
dc.subject human capital
dc.subject education
dc.subject experience
dc.subject skill premium
dc.subject Bildungsertrag
dc.subject Bildungsinvestition
dc.subject Qualifikation
dc.subject Bildungsökonomik
dc.subject Overlapping Generations
dc.subject Allgemeines Gleichgewicht
dc.subject Technischer Fortschritt
dc.subject Theorie
dc.subject Frankreich
dc.subject Vereinigte Staaten
dc.title Diverging Patterns of Education Premium and School Attendance in France and the US: A Walrasian View
dc.type doc-type:workingPaper


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