This article revisits the Mincer earnings function and presents comparable estimates of the average monetary returns associated with an additional year of education across different regions worldwide. In contrast to the traditional Ordinary Least Squares (OLS) method commonly employed in the literature, this study applied a cutting-edge approach…

This study investigates the role of college major choices in labor market outcomes, with a focus on racial minorities and immigrants. Drawing upon research on school-to-work linkages, we examine two measures, linkage, the connection between college majors and specific occupations in the labor market, and match, the alignment of workers'…

This study developed statistical models to forecast international undergraduate student enrollment at a Midwest university. The authors constructed a Seasonal Autoregressive Integrated Moving Average model with input variables to estimate future enrollment. This model reflected enrollment patterns by semester through highlighting seasonality.…

Chapter 1 investigates asks the question how do financial frictions affect the type of human capital investments that students make in college? To study this question, I build a novel dataset covering more than 700,000 U.S. students, merging commencement records with address histories, credit bureau records, and professional resumes. I document…

The purpose of this study was to explore opportunity costs of postsecondary education in the U.S. in the past three decades (1975-2005), as a measure to support investment decisions at national levels and as experienced by individuals deciding on pursuing further education. Based on human capital theory and inspired by a set of studies aiming at…

This article documents a model for forecasting earnings of the nontraditional student based on macrolevel changes in educational attainment within the workforce using data from the U.S. Census Bureau. It also presents a theoretical case that illustrates the value of improving one's educational attainment level in order to sustain an annualized…

Human capital planning is an important tool in predicting future talent needs and sustaining organizational excellence over the long term. This article examines the concept of human capital planning and outlines how institutions can use HCP to identify the type and number of talent needed both now and in the future, recognize and prioritize talent…

The purpose of this study is to examine resource allocation patterns and the predictive power of these resources in increasing the likelihood of four-year college enrollment among academically qualified, low-income students. Using data from the Educational Longitudinal Study, college choice decision-making is conceptualized in relation to an…

We report the results of an experiment designed to elicit students' subjective beliefs about the economic returns to college education. An important feature of our experimental design is the inclusion of financial incentives for accurate reporting. We also consider the extent to which individuals' beliefs about their own returns differ from their…