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Title: The Quality of Education and Cohort Variation in Black-White Earnings Differentials: Reply
Resulting in 1 citation.
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Link, Charles R. Ratledge, Edward C. Lewis, Kenneth |
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The Quality of Education and Cohort Variation in Black-White Earnings Differentials: Reply American Economic Review 70,1 (March 1980): 196-203. Also: http://www.jstor.org/stable/1814750 Cohort(s): Young Men Publisher: American Economic Association Keyword(s): Earnings; Educational Attainment; Educational Costs; Educational Returns; Racial Differences; Wage Gap Permission to reprint the abstract has not been received from the publisher. This paper examines two data sets in order to further examine Welch's contention that: (1) blacks for the past several years have begun to receive monetary benefits from education commensurate with those of whites; and (2) that the gap has narrowed because of a relative upgrading of educational quality for blacks. Counter to Akin and Garfinkel and in support of Welch, it was found that the gap in percentage returns to schooling has narrowed for blacks in younger cohorts. Contrary to Akin and Garfinkel and in support of Welch, we find percentage returns to schooling and to quality for the younger black cohorts were found to be commensurate with those for whites. In fact, it was found that percentage returns to schooling and to quality to be somewhat more favorable for younger blacks than for whites. Akin and Garfinkel are quick to point out, however, that even if percentage returns are comparable, absolute wage rate differences still favor whites. Thus they warn that equal percentage returns to blacks and whites are not necessarily an indication of equal earnings for equally competent workers. While Akin and Garfinkel compute implied wages to be greater for young whites than blacks, these results are not as disheartening and are mixed, depending upon which model specification is adopted. Consistent with Welch, however, a narrowing in the implied black white hourly wage gap for younger cohorts was found. |
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Bibliography Citation
Link, Charles R., Edward C. Ratledge and Kenneth Lewis. "The Quality of Education and Cohort Variation in Black-White Earnings Differentials: Reply." American Economic Review 70,1 (March 1980): 196-203.
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