This study investigates the effects of adults' enrollment in and graduation from a two-year college on their hourly wages and occupational status in U.S. by employing a growth curve model and a piecewise model. College enrollment reduced hourly wages and occupational status by 13.8% and 2.74 points, respectively. Less-educated workers whose wages…

The Office of Workforce Development (OWD) in New Orleans, Louisiana, with a grant from the U.S. Department of Labor, implemented Career Pathways, an innovative program designed to increase the local talent pool and help lower-skilled, unemployed, and underemployed individuals train for work in growing fields. RAND Corporation researchers evaluated…

We examine the importance of adult functional literacy skills for individuals using a quantile regression methodology. The inclusion of the direct measure of basic skills reduces the return to schooling by 27%, equivalent to two additional years of schooling, while a one standard deviation increase in the score increases earnings by 20%. For those…

Substantial research shows that high-quality early childhood education programs have a large economic payoff. This payoff is increased earnings for former child participants, increased earnings for parents, and increased earnings for all workers when average worker skills improve. A program package of universal pre-K, combined with child care and…

The need for educational programs to show their return on investment is exemplified in the intense debate surrounding gainful employment programs--defined as programs that lead to gainful employment in a recognized occupation and theoretically differ from programs that offer education in the liberal arts or prepare students for further education.…

Younger workers, particularly those entering the workforce at ages 25-34 years, are more educated than ever before. The potential for these workers to be over-educated in their jobs might therefore be high. But does it follow that they are mismatched to the skill requirements of their jobs? This study examines the link between over-education and…

This report analyzes the economic and social costs of the high school dropout problem in Montana from the perspective of a state taxpayer. The majority of the authors' analysis considers the consequences of this problem in terms of labor market, tax revenue, and public service costs. In quantifying these costs, the authors seek to inform public…

This paper looks at what the value of a doctorate is, both to employers in particular and to society and the economy at large. Given the emphasis many universities and funding agencies/governments are putting upon the development of PhD programmes, this is an issue deserving attention. The paper tries to show how two separate but interrelated…

"Education at a Glance: OECD Indicators" is the authoritative source for accurate information on the state of education around the world. It provides data on the output of educational institutions; the impact of learning across countries; the financial and human resources invested in education; access, participation and progression in…

The aim of this report was to quantify the benefit, in terms of higher wages, of completing a vocational education and training (VET) qualification. Two factors influenced the direction of this research. First of all, VET is concerned primarily with improvements in skill levels (with a likely consequence of improved productivity and therefore…