We analyze the returns to education in a life-cycle framework that incorporates risk preferences, earnings volatility (including unemployment), and a progressive income tax and social insurance system. We show that such a framework significantly reduces the measured gains from education relative to simple present-value calculations, although the…

This paper examines the tradeoff between early and late specialization in the context of higher education. While some educational systems require students to specialize early by choosing a major field of study prior to entering university, others allow students to postpone this choice. I develop a model in which individuals, by taking courses in…

Getting a master's degree means lots of late nights, busy weekends, and probably taking on student loan debt. The commitment raises the question: Is it worth it? This article takes a comprehensive look at how much a master's is worth, which degree one should pursue, and how one can find a balance in graduate school.

The engineering profession is very sensitive to the new changes in the engineering job market demand. The engineering job market is changing in a much faster rate than the engineering/engineering technology education. A 13-year study will be presented. The study focuses on the factors affecting the survival rate, student academic performance,…

This paper examines the wage returns to qualifications and academic disciplines in the Greek labour market. Exploring wage responsiveness across various degree subjects in Greece is interesting, as it is characterised by high levels of graduate unemployment, which vary considerably with the field of study, and relatively low levels of wage…

Human capital theory holds that a higher education will be pursued to the extent that its pecuniary rewards outstrip its costs. This notion is founded on the neoclassical economic assumption that expected earnings conditional on educational investment are accurately anticipated by those considering such investments. However, the evidence in…

An ever-increasing number of individuals are turning to community college for their higher education. However, the majority of students entering community college fail to complete their degrees, and as a result, earn lower wages throughout the course of their lives. If community college retention rates were increased, graduates could become part…

This paper investigates some of the economic outcomes of education in Pakistan with a view to understanding if education can act as a vehicle for labour market success. Data from a purpose-designed survey of more than 1000 households in Pakistan are utilised. Earnings functions are estimated for agricultural workers, the self-employed and wage…

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.…

Since 2004, the devolved education systems of England, Scotland and Wales have introduced initiatives to increase contact between employers and young people, particularly aged 14-19, as a supplementary, co-curricular activity within mainstream education. The initiatives are motivated partly to increase wage-earning potential but studies to date…

This study provides one of the first estimates of the returns to different types of community college credentials--short-term certificates, long-term certificates, and associate degrees--across different fields of study. We exploit a rich dataset that includes matched, longitudinal college transcripts and Unemployment Insurance records for…

These Selected Findings are part of a larger report: "What's It Worth?: The Economic Value of College Majors." In the full report, readers can find detailed information about earnings, broken down by 171 different undergraduate majors and a variety of demographic factors. The study also analyzes the likelihood that students in specific majors…

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…

Urban Alliance serves at-risk youth through its high school internship program, which provides training, mentoring, and work experience to high school seniors from distressed communities. The program aims to help youth move on to higher education or employment after graduation. The Urban Institute is conducting a six-year, randomized controlled…

This Accountability Report shows the status and progression of the Florida Atlantic University (FAU) from one year to the next. The Executive Summary is divided into the following sections: (1) Dashboard; (2) Performance Funding Metrics; (3) Key Achievements; and (4) Narrative. Data tables on FAU's financial resources, personnel, enrollment,…