Skill-Biased Technical Change and the Cost of Higher Education: An Exploratory Model
2012/01/17
研討會日期 : 2012-01-17
時間 : 14:30
主講人 : Professor John Bailey Jones
地點 : Conference Room B110
演講者簡介 : John Bailey Jones received his Ph.D. in Economics from University of Wisconsin-Madison in 1998. He is currently serving as Associate Professor of Economics at State University of New York at Albany. His research field is in macroeconomics, econometrics, health economics, public economics and labor economics.
演講摘要 : We document trends in higher education costs and tuition over the past 50 years. To explain these trends, we develop and simulate a general equilibrium model with skill- and sector-biased technical change. We assume that higher education suffers from Baumol’s (1967) service sector disease, in that the quantity of labor and capital needed to educate a student is constant over time. Calibrating the model, we show that it can explain the rise in college costs between 1959 and 2000. We then use the model to perform a number of numerical experiments. We find, consistent with a number of studies, that changes in the tuition discount rate have little long-run effect on college attainment.
