Schooling Supply and the Structure of Production: Evidence from US States 1950-1990 / Antonio Ciccone, Giovanni Peri.

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Ciccone, Antonio

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TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w17683.Publication details: Cambridge, Mass. National Bureau of Economic Research 2011.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: 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.

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Previous	nber w17680 A Theory of Capital Controls as Dynamic Terms-of-Trade Manipulation /	nber w17681 The Contribution of China, India and Brazil to Narrowing North-South Differences in GDP/capita, World Trade Shares, and Market Capitalization /	nber w17682 Global Macroeconomic and Financial Supervision: Where Next? /	nber w17683 Schooling Supply and the Structure of Production: Evidence from US States 1950-1990 /	nber w17684 Airports, Air Pollution, and Contemporaneous Health /	nber w17685 The Future of the Government Sponsored Enterprises: The Role for Government in the U.S. Mortgage Market /	nber w17686 International Contagion Through Leveraged Financial Institutions /	Next

December 2011.

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.