From 1970 to 2000, the supply of college graduates to the labor market increased dramatically, while the

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From 1970 to 2000, the supply of college graduates to the labor market increased dramatically, while the supply of high school (no college) graduates shrunk. At the same time, the average real wage of college graduates stayed relatively stable, while the average real wage of high school graduates fell. How can these wage patterns be explained?
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Labor Economics

ISBN: 978-0073523200

6th edition

Authors: George J. Borjas

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