{"id":9226,"date":"2025-09-15T09:35:40","date_gmt":"2025-09-15T13:35:40","guid":{"rendered":"https:\/\/creei.ca\/?page_id=9226"},"modified":"2025-09-15T09:55:11","modified_gmt":"2025-09-15T13:55:11","slug":"the-college-premium-rollercoaster-and-the-rebound-of-lifetime-wage-growth-a-structural-analysis","status":"publish","type":"page","link":"https:\/\/creei.ca\/en\/the-college-premium-rollercoaster-and-the-rebound-of-lifetime-wage-growth-a-structural-analysis\/","title":{"rendered":"The College Premium Rollercoaster and the Rebound of Lifetime Wage Growth: A Structural Analysis"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><article class=\"node-789 node node-publications node-promoted view-mode-full node-by-viewer clearfix\">\n<div class=\"field field-name-body field-type-text-with-summary field-label-above\">\n<div class=\"field field-name-field-auteurs-publication field-type-taxonomy-term-reference field-label-inline clearfix\">\n<div class=\"field-label\">\n<p>Short summary:<\/p>\n<p>In this paper, the authors develop a general equilibrium overlapping generations model with human capital to analyze the evolution of the wage premium associated with university education and lifetime earnings profiles in the United States between 1940 and 2020. The model incorporates choices related to schooling and on-the-job training, along with aggregate economic shocks and cohort-specific trends in initial skill endowments and learning abilities.<\/p>\n<p>The estimated model replicates the W-shaped pattern of the college wage premium as well as the flattening and subsequent steepening of earnings over the life cycle. The results show that variations in labor efficiency\u2014rather than shifts in relative skill prices\u2014are the primary drivers of these dynamics.<\/p>\n<p>The authors also highlight the significant role of declining initial skills and learning capacities among more recent cohorts. However, adjustments in educational attainment and relative wages help offset these disadvantages. Without such market mechanisms, the lifetime earnings gap between individuals with and without university degrees would widen substantially, and the college premium would double.<\/p>\n<\/div>\n<div class=\"field-label\"><strong>Authors publication<\/strong> : Raquel Fonseca, Etienne Lal\u00e9, Fran\u00e7ois Langot et Thepthida Sopraseuth<br data-start=\"1060\" data-end=\"1063\" \/><strong data-start=\"1063\" data-end=\"1073\">Number<\/strong>\u00a0: 25-03<br data-start=\"1081\" data-end=\"1084\" \/><strong data-start=\"1084\" data-end=\"1095\">File<\/strong> : <a href=\"https:\/\/creei.ca\/wp-content\/uploads\/2025\/09\/cahier_25_03_college_premium_lifetime_wage_growth.pdf\" target=\"_blank\" rel=\"noopener\">cahier_25_03_college_premium_lifetime_wage_growth.pdf<\/a><br data-start=\"1147\" data-end=\"1150\" \/><strong data-start=\"1150\" data-end=\"1159\">Year<\/strong> : 2025<\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<\/article>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-9226","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/9226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/comments?post=9226"}],"version-history":[{"count":5,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/9226\/revisions"}],"predecessor-version":[{"id":9235,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/9226\/revisions\/9235"}],"wp:attachment":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/media?parent=9226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}