We compared the wages of economics degree holders with of those in 49 other fields of study using data from the 2006 Canadian population census. At the undergraduate level, economics majors earned the sixth highest average wage in 2005. When demographic controls were applied, they ranked ninth on the salary scale. When we compared the wages in 15…

This paper assesses the extent to which Rhode Island's workforce lacks skills that are in demand among the state's current and potential employers and, if so, whether such a skills gap or labor market "mismatch" significantly restrains employment growth in the state. Using an index developed by Sahin et al. (2014), we find that…

How pronounced is income inequality around the world--and how can education help reduce it? This paper reports the following: (1) Across OECD (Organisation for Economic Cooperation and Development) countries, the average income of the richest 10% of the population was about nine times that of the poorest 10% before the onset of the global economic…

Many studies have examined the match between years of schooling and the schooling required for the job. The quantity of schooling is only one way to consider the match between schooling and jobs. This paper considers an alternative match between education and jobs based on the relationship between college majors and work activities. Twenty percent…

The consequences of indexing the minimum wage to average wages in the U.S. economy were analyzed. The study data were drawn from the 1974-1978 May Current Population Survey (CPS) and the 180 monthly CPS Outgoing Rotation Group files for 1979-1993 (approximate annual sample sizes of 40,000 and 180,000, respectively). The effects of indexing on the…

The potential effects of raising the minimum wage on the earnings of mothers moving from welfare to work were examined by analyzing the differences that existed in the late 1980s in the various states' minimum wage rates and data from three waves of the Survey of Income and Program Participation for the years 1985-1990 (during which time 13 states…

This paper uses direct measures of literacy skill levels provided by the International Adult Literacy Survey to estimate the return to literacy skills. Using a very simple human capital earnings equation and standard ordinary least squares regression, it tested estimates of the return to literacy skills for their robustness to alternative scalings…

The central focus of this article is the influence of the applied measure when the impact of overeducation is analyzed. For a database of Flemish school leavers, four alternative measures of overeducation are related to job satisfaction, mobility, training participation and wages. The magnitude and significance of the effects diverge between these…

Economic data comparing apprenticeship to full-time vocational education and to the youth labor market suggests that, in advanced economies, apprenticeship is a source of more stable employment for young male adults. Its value for females is low in some countries. (SK)

The National Center for Education Statistics (NCES) commissioned the papers in this publication to address advances in measuring education inflation and adjusting for it, as well as to examine the emergence of a new focus on school spending, rather than school district spending, as well as new, private sources of funding for public education, and…

The entry of working welfare mothers into the labor market will have an impact on the wages and employment of low-skilled workers. This impact was examined through a labor market analysis of available statistical data about the U.S. population and employment patterns. The characteristics of workers likely to enter the labor market because of…

Multi-year applied research studied operations and outcomes of six employment initiatives that developed industry-based approaches to workforce development. Findings from the longitudinal survey of 732 individuals indicated participants in sectoral programs improved their position within local labor markets; increased wages, hours worked, and…

Data from the California Development Department's Unemployment Insurance System were used to track the earnings and employment of more than 57,000 California Employment Training Panel (ETP) trainees served by ETP projects that ended in 1994-95 and 1995-96. ETP trainees' earnings gains averaged 15%, versus 11.8% in the case of similar workers who…

This book contains eight papers examining the evidence from three field experiences in Illinois, Pennsylvania, and Washington that were conducted to identify the impact of reemployment bonuses on the following indicators characterizing the unemployment insurance (UI) program: weeks of UI receipt during the benefit year; dollars of UI received…

The economic benefits of the General Educational Development certificate (GED) were examined through a review of four published papers and four unpublished working papers on the GED's benefits. Key findings were as follows: (1) a GED provides economic benefits only to low-skilled dropouts; (2) economic benefits of a GED appear over time--often…