Real Estate Papers

Document Type

Journal Article

Date of this Version

8-2005

Publication Source

The Review of Economics and Statistics

Volume

87

Issue

3

Start Page

523

Last Page

538

DOI

doi:10.1162/0034653054638256

Abstract

Is there a shortage of critical foreign language skills in the United States? Recent concerns about national security and economic globalization suggest increased demand and wage premia for foreign language speakers. The use of English as the international language, however, suggests a decrease in demand for foreign language skills in the United States. To address this question, we study a representative sample of U.S. college graduates. Ordinary least squares regressions with controls for cognitive ability, nonparametric methods based on the propensity score, and panel data methods suggest a 2%–3% wage premium for college graduates who can speak a second language.

Copyright/Permission Statement

© 2005 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology

Share

COinS
 

Date Posted: 27 November 2017