The number of college graduates in the United States reached nearly 68.6 million in 2021, of which approximately 68 million had ever held a job, with nearly 52 million currently employed and 16 million not employed. Although the number of employed college graduates increased by 1.2 million (2.5%) between 2019 and 2021, the number of nonemployed…

Enrollment in American graduate degree programs is increasing, even as undergraduate enrollment declines continue in the wake of the COVID-19 pandemic. With rising numbers of graduate awards, there has been increased attention on understanding the value of these degrees, especially master's degrees. With more workers attaining higher credentials,…

The massification of higher education has dramatically changed the association between credentials and jobs in advanced countries, while its impacts in transitional economies have received less academic attention. To address this research lacuna, the paper utilizes rich information from China's national surveys of college graduates from 2003 to…

This paper estimates private and social returns to investment in education in Azerbaijan, using the 2015 Azerbaijan Monitoring Survey for Social Welfare. The private rate of return to education is 6 percent; this is the first estimate of returns to schooling in Azerbaijan since 1995. The returns to schooling are 6 percent for men and 8 percent for…

This study examines the impact of educational attainment on employment and earnings in Nepal. Using the Nepal Labour Force Survey 2017-2018 cycle, we employ an extended earnings function derived from the foundational Mincer equation to estimate returns to education. The results underscore the overall positive impact of education (1.76, 3.73, 7.68…

There are currently more than 62 million American adults whose highest educational attainment is a high school diploma or its equivalent (U.S. Census Current Population Survey, 2021). Many of these adults have considered postsecondary education, and some even applied for a program. Yet, for various reasons, these adults never began a program of…

This dissertation examines the impact of state educational programs on the economics of education and labor, focusing on the New York State (NYS) STEM Incentive Program and China's tuition-free policy for vocational secondary education (VSE). The first two Chapters analyze the effects of the NYS STEM Incentive Program, an initiative implemented in…

In the authors' 2011 "JEE" article, "Estimating Gender Wage Gaps," they described an interesting class project that allowed students to estimate the current gender earnings gap for recent college graduates using data from the National Association of Colleges and Employers (NACE). Unfortunately, since 2012, NACE no longer…

This article looks at the labour market outcomes of 2015 postsecondary graduates three years after graduation. Specifically, it examines their employment status, job permanency, relatedness of their job or business to their 2015 educational program, the degree to which graduates feel qualified for their job, their employment income and their job…

Using two representative samples of some 74,000 students and 11,000 graduates, respectively, we analyse the accuracy of students' wage expectations given their individual characteristics. We find that students are aware of the effects of most of their own characteristics, as a large number of determinants of expected and realised salaries do not…

Level of postsecondary schooling and field of study remain significant markers of social stratification. However, the extent to which these various types of postsecondary schooling influence the labor market outcomes of recent male and female graduates is unknown. Drawing on data from Statistics Canada's 2013 National Graduates Survey, we examine…

To increase the science, technology, engineering, and mathematics (STEM) workforce, U.S. education policy has emphasized the pathways from education to STEM careers. While some scholars argue that employers prioritize the degree, and not institutional affiliation, in hiring graduates, the argument needs to be warranted with more recent data…

Increasingly, scholars in academia as well as journalists are noting vast pay discrepancies among professorial ranks. This study is an attempt to examine how gender, rank, and scholarly output influence faculty members' income from their institutions. Using equity theory as a conceptual framework, the 2004 National Study of Postsecondary Faculty…

Card and Krueger (1992a,b) used labor market outcomes to study the productivity of school spending. Following their lead, we examine effects of post-1990 school finance reforms on students' educational attainment and labor market outcomes. Using a state-by-cohort panel design, we find that reforms increased high school completion and…

Does the gender pay gap affect women's ability to repay their student debt? This study investigates the extent to which an income contingent scheme benefits women because of their individual earnings. Using the Australian Household, Income, and Labour Dynamics in Australia Survey, gender differences in debt repayment behaviour over the past two…