This paper attempts to bridge the gap between previous cross-national work estimating rates of return to education and the current trend toward examining rates over time. Changes in the returns to education in the 1980s over five countries were driven by different forces across the countries.

In this paper I discuss a structural problem facing the United States with respect to our policy responses in the context of trade and technological change and their impact on workers. Both trade and technological change have put enormous pressure on the U.S. economy to raise the skill level of...