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Chapter:
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Source:
Education, Skills, and Technical Change
Author(s):
David Autor
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226567945.003.0014

Robert Valletta’s chapter illuminates one of the leading puzzles for contemporary US labor economics: the unexpected “flattening” of the premium to higher education in the United States in the first decade of the twenty-first century. This single metric—the college/high school wage premium—has been the North Star guiding neoclassical analysis of the evolution of wage inequality during a period of rapidly shifting wage structures. Two impactful papers by Beaudry, Green, and Sand (...

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