The basic canonical model fails to predict the aggregate college premium outside of the original sample period (1963-1987) or to account for the observed deviations in college premia for younger vs. older workers. This paper documents that these failings are due to mis-measurement of the...

The labor market attachment of females has increased dramatically over the last half century, converging to a pattern similar to that of males. Human capital theory predicts an associated increase in human capital investment by females and a convergence in the life-cycle human capital investment...

In the last three decades, Canada and the US showed different paths in per capita GDP growth, skill premiums and inequality. Both firm and worker productivity differences play a role and have different policy implications, but are difficult to distinguish. To examine separate firm and worker...

The canonical supply{demand model of the wage returns to skill has been extremely in uential; however, it has faced several important challenges. Several studies show that the standard approach sometimes produces theoretically wrong-signed elasticities of substitution, yields counterintuitive...

We present the first study of the high school-to-work transition for American Mil- lennial males and females. Using data from the PSID Transition to Adulthood from 2005-2011, we estimate the Burdett and Mortensen (1998) model and study changes between Generation X and Millennials. We find...

The canonical supply-demand model of the wage returns to skill has been extremely influential; however, it has faced several important challenges. Several studies show that the standard approach sometimes produces theoretically wrong-signed elasticities of substitution, yields counterintuitive...

Gender wage differentials in the UK are examined using a general equilibrium search model. This framework permits an assessment of male-female differences in labour market behaviour on gender wage differentials. The model captures worker decisions leading to transitions between labour market...

This paper quantifies the contribution of human capital accumulation to the growth of real gross domestic product (GDP) in Canada. GDP growth is decomposed into contributions from physical capital, hours worked, human capital supplied per hour and total factor productivity. Using a "flat spot"...