Journal of Labor Economics Accepts Yang’s Paper
February 11, 2015
BATON ROUGE – Fang Yang, assistant professor in the E. J. Ourso College of Business Department of Economics, recently co-authored a paper accepted by the Journal of Labor Economics. “Skill-Biased Technical Change and the Cost of Higher Education,” written with State University of New York-Albany Associate Professor John B. Jones, documents the growth in higher education costs and tuition over the past 50 years.
“We document that the total cost of educating a college student in the United States has risen dramatically over the past five decades,” Yang said. “To explain the trend in higher education costs, we build a general equilibrium model with skill-biased and sector-biased technical change. Our model successfully replicates the dramatic increase in higher education costs, along with the increases in the relative earnings of college graduates and in college enrollment. Our model predicts that if college costs were at their 1961 levels, enrollment in 2010 would be one to two percentage points higher.”
The Journal of Labor Economics presents international research on labor issues affecting the economy, as well as social and private behavior.
The Department of Economics at LSU’s E. J. Ourso College of Business offers courses that provide its undergraduate and graduate students an intellectual challenge, strong analytic training and the tools to understand the economic and social problems faced both domestically and internationally. The faculty’s dedication to quality teaching and research is reflected by numerous awards received and peer-reviewed scholarly articles published in high-quality economic journals. The Journal of Labor Research and the Journal of Macroeconomics, two highly regarded academic journals, are edited within the department. For more information, visit our home page or call 225-578-5211.
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