Schooling supply and the structure of production
Subtitle: evidence from US states 1950-1990
By: Antonio Ciccone, Giovanni Peri
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 17683; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17683.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "We find that over the period 1950-1990, US states absorbed increases in the supply of schooling due to tighter compulsory schooling and child labor laws mostly through within-industry increases in the schooling intensity of production.  Shifts in the industry composition towards more schooling-intensive industries played a less important role.  To try and understand this finding theoretically, we consider a free trade model with two goods/industries, two skill types, and many regions that produce a fixed range of differentiated varieties of the same goods.  We find that a calibrated version of the model can account for shifts in schooling supply being mostly absorbed through within-industry increases in the schooling intensity of production even if the elasticity of substitution between varieties is substantially higher than estimates in the literature"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 2/21/2012.

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