The Great Recession was one of the sharpest economic downturns of the past century, with significant impacts across the U.S. labor market. Over past decades, one key feature of the U.S. labor market has been the high and stable returns to education. In this paper I estimate the returns to education for large samples of young workers in Arkansas…

This report explains some of the ways the payoff of postsecondary education can be measured and provides insights into why there is confusion about that payoff, despite strong evidence. Focusing on the variation in outcomes across individuals helps to clarify that the existence of the high average payoff, and the reality of significant benefits…

Given the importance of a college education to entering and staying in the middle class and the high cost of obtaining a bachelor's degree, "Who Wins? and Who Pays?" are questions being asked today at kitchen tables and in the halls of government throughout the nation. Using publicly available data, the authors look at who wins and who pays…

The United States has been underproducing college-going workers since 1980. Supply has failed to keep pace with growing demand, and as a result, income inequality has grown precipitously. From 1915 to 1980, supply grew in tandem with demand. But, starting in 1990, the share of college-educated young people in the workforce rose very slowly. If the…

Examines gender differences in college attendance decisions, employing National Longitudinal Survey of Youth data. Uses a human-capital model stressing family characteristics and expected future earnings differential between college and high school graduates. The higher the college wage premium, the more likely men are to attend college. Women's…

A human capital study was conducted at Montgomery College to assess the rate of return on educational expenditures by contrasting the future lifetime earnings of people with less education with that of people with greater educational attainment. The study assessed the costs of education (e.g., for tuition and fees, books and supplies, foregone…

A study of the Israeli labor market examined the relationships between earnings, educational level attained, and three kinds of mobility (occupational, geographic, and inter-firm) among high school and college graduates. (MSE)

This report documents the central role of the college-educated workforce in improving labour productivity across the economy and supporting an innovation culture in the workplace. It describes critical "enabling occupations" that play a key role in allowing companies to build a culture of innovation in the workplace which they need if…

By the time today's eighth graders reach age 28-29, approximately 66% will have had some kind of postsecondary education or training. There has been a dramatic upward shift in the education and skill requirements for all occupations. Access to higher education has become the threshold for career success. Elite managerial and professional jobs,…