Jeong, Hyeok; Kim, Yong; Manovskii, Iourii - Society for Economic Dynamics - SED - 2006
Two salient changes in the US wage structure have occurred over the past three decades: first, a sharp increase in the wage premium to schooling despite a continual increase in the supply of schooling, and second, a rise and then fall of the wage premium to work experience. Capital-skill...