The college wage premium is the ratio of median earnings of those with a bachelor's degree compared
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Question:
The college wage premium is the ratio of median earnings of those with a bachelor's degree compared to those with a high school degree.During what Robert Gordon calls "The Information Revolution," the college wage premium increased rapidly rising from 40% in the 1980s to 70% in the 1990s and 80% through the 2000s. Gordon argues that productivity growth during this period was heavily concentrated in specific sectors such as Information Technology and durable goods manufacturing.
Assume workers are paid according to their productivity. Could the sector specific productivity growth lead to the increasing college wage premium?Are Gordon's arguments in his paper consistent with the trend of increased college wage premium?
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