A Framework for Analyzing the Impact of Cohort Size on Education and Labor Earning
分析劳动力需求模型，研究出生队列规模变化如何通过影响不同年龄-教育组的大小来改变工资，并指出忽略教育比例变化的供给效应会高估对年轻高技能工人工资的影响。
The paper analyzes three models of labor demand solving for the change in wages of a given labor group due to a change in the size of a birth cohort. When the production function includes age-schooling groups as separate factors, an increase in the size of one birth cohort changes the size of several labor market groups. Also, in this case, the demand effect of changing factor size is joined by a supply effect of changing schooling proportions. Ignoring the supply effect may cause us to overestimate the effect of a large birth cohort on wages of young skilled workers.