On December 17, the 2nd Academic Luncheon for Young Teachers of Theoretical Economics in this semester was held in the conference room of CCSEZR. Mr. Huang Yiheng, a teacher from CCSEZR, acted as the keynote speaker. He reported his continued investigation in the slowdown of the university education premium.
In view of the inadequacy of existing literature, he believed that stagnation of skill-biased technological progress for task-intensive positions with non-cognitive skill was an important reason for the slowdown of the university education premium due to the presence of general equilibrium effects. He verified the above conjecture by means of decomposition and counterfactual analysis, using a calibrated social planner model and current demography data. It was found that the occurrence of stagnation of skill-biased technological progress implied diversity in the direction of technological progress. In addition, changes in the labor supply of college students have also contributed significantly to the slowdown of the education premium.
During the relaxed and brief luncheon, teachers from the CCSEZR, including Li Fan, Zhang Ping, Miao Lu, Ma Limei and Hou Jia, participated in the paper review and raised their questions and suggestions in response to the model construction ideas, decomposition methods and calibration strategies introduced by Mr. Huang. The participants highly recognized Mr. Huang's continuously dedicated and carefully prepared achievements.
