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Title: The Effect of the Demographic Cycle on Schooling and Entry Wages
Resulting in 1 citation.
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Falaris, Evangelos M. Peters, H. Elizabeth |
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The Effect of the Demographic Cycle on Schooling and Entry Wages Working Paper, University of Delaware, 1988 Cohort(s): NLSY79, Young Men, Young Women Publisher: Department of Economics, University of Delaware Keyword(s): Educational Attainment; Educational Returns; Panel Study of Income Dynamics (PSID); Schooling; Wages Permission to reprint the abstract has not been received from the publisher. This paper examines the effect of the demographic cycle on schooling attainment, age at school completion, and the level of entry wages. Unlike most previous studies which assume that schooling is exogenous, the authors explicitly treat schooling attainment and the age at school completion as choice variables. The direct effect of cohort size on entry wages and its indirect effect on wages through the schooling choices of individuals are studied. It was found that both men and women change their schooling attainment and age at school completion in response to the demographic cycle. These changes lead to significant indirect effects of cohort size on the entry wages of men and of women which tend to mitigate the adverse direct effects on entry wages of an increase in cohort size. |
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Bibliography Citation
Falaris, Evangelos M. and H. Elizabeth Peters. "The Effect of the Demographic Cycle on Schooling and Entry Wages." Working Paper, University of Delaware, 1988. |