Can Falling Supply Explain the Rising Return to College for Younger Men? A Cohort-Based Analysis
2001/05/01 by D. Card, David Card, T. Lemieux +1 · 1,151 citations
Economics, Econometrics and Finance · Medicine · Psychology · Social Sciences · #Cohort #Demographic economics #Demography #Economic growth #Economics #Educational attainment #Falling (accident) #Gender gap #Intergenerational and Educational Inequality Studies #Labor market dynamics and wage inequality #Labour economics #Medicine #Psychology #Retirement, Disability, and Employment #Slowdown #Sociology #Wage
paper · doi:10.1162/00335530151144140
published in The Quarterly Journal of Economics 116(2), 705-746 (Oxford University Press)
openalex publication_date 2001/05/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/29
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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