Fatih Guvenen
Curtis L. Carlson Professor of Economics, University of Minnesota; Research Consultant, Federal Reserve Bank of Minneapolis; Research Associate, National Bureau of Economic Research
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Lifetime incomes have stagnated significantly since the 1960s, with young workers earning less than the previous generation early in their careers, and failing to ever catch up. These trends coincided with a stagnation of educational attainment for men, as well as rising income disparities among workers with some college experience.
This paper presents policy proposals that aim to boost wage growth for younger workers by: (1) identifying promising labor market data collection practices to ensure that students are taught skills that are both valued in their local labor market and resilient to shifts in demand, and (2) providing targeted tuition subsidies for enrollment in two-year community colleges and technical colleges.
