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Full-Text Articles in Education
The Decline Of Routine Tasks, Education Investments, And Intergenerational Mobility, Patrick Bennett, Kai Liu, Kjell Salvanes
The Decline Of Routine Tasks, Education Investments, And Intergenerational Mobility, Patrick Bennett, Kai Liu, Kjell Salvanes
Upjohn Institute Working Papers
How does a large structural change to the labor market affect education investments made at young ages? Exploiting differential exposure to the national decline in routine-task intensity across local labor markets, we show that the secular decline in routine tasks causes major shifts in education investments of high school students, where they invest less in vocational-trades education and increasingly invest in college education. Our results highlight that labor demand changes impact inequality in the next generation. Low-ability and low-SES students are most responsive to task-biased demand changes and, as a result, intergenerational mobility in college education increases.
Retirement And High Level Human Capital, Irving Gershenberg
Retirement And High Level Human Capital, Irving Gershenberg
Gerontology Institute Publications
Given that demographic trends in economically advanced industrial countries such as our own continue to shift toward increasingly older, formally retired populations, we need to find ways to keep more of this older retired population productive. Economists and others differ in their estimation regarding the ability and/or willingness on part of the retired to retain, let alone utilize the know-how, the human capital accumulated prior to retirement. This is as true for those who have spent their work life engaged in producing and communicating new ideas and synthesizing and diffusing what is known, those who have accumulated what I term …