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The transition from education for the privileged to the masses has had massive effects on society. Most research on educational expansion focuses either on the explanation of expansion as such, or on how expansion is related to processes of overschooling and credential inflation. However, it has not yet been fully acknowledged that expansion completely changed the way in which education operates in labor markets.
In this article we investigate how the increasing number of educated individuals in the labor market altered the way education functions on labor markets. During times when education was highly dispersed, with few graduates in higher education, employers would look at educational levels as being informative about the absolute skill level of employees. Earnings would, in such a ‘human capital model’ of education, be determined on education as it has been used in the human capital framework; more schooling means higher earnings. However, in a world of mass education, education has become a positional good, where reward is not primarily dependent on absolute skill levels, but instead on the relative position in the labor market of workers. Using data from the International Social Survey Program (ISSP) from 1985 to 2008, which allows us to create cohorts of people who graduated between 1951 and 2003 for 37 countries, we find support for the claim that education has become positional.
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ISSP-Bibliography
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How Education Became Positional: A comparative analysis of the role of education in the labor market between 1951 and 2003
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1-36, University of Amsterdam, 2011
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Bibsonomy
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International Social Survey Programme (ISSP)
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2011
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Educational_expansion
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FDZ_IUP
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ISSP
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ISSP_input2014
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ISSP_pro
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checked
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education
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input2014
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jakN
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labor_market
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longitudinal
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positional_good
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unpublished
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