Prior research substantially overstates the cost of retention under test-based promotion policies to both taxpayers and students who delay labor market entry because it omits two important factors. First, there is a delay between the intervention and the taxpayer's expenditure. Second, on average, the treatment leads to less than a full year of…

Stackable credentials--sequential postsecondary awards that allow individuals to progress on a career path--have been suggested as a way to enhance the labor market prospects of middle-skill workers. Yet, thus far, little evidence has been provided on the economic value of these credentials. Here, we report a series of estimates on the association…

Human capital investment is a necessary condition for improving labour market outcomes in most countries. Empirical studies to investigate human capital and its linkages on the labour demand side are, however, relatively scarce due to limitations of firm-level data-sets. Using firm-level data from the Thai manufacturing sector, this paper aims to…

Increasing numbers of recent college graduates are ending up in relatively low-skilled jobs that, historically, have gone to those with lower levels of educational attainment. This study examines this phenomenon in some detail, concluding: (1) About 48 percent of employed U.S. college graduates are in jobs that the Bureau of Labor Statistics (BLS)…

As the college class of 2011 graduates in the aftermath of the Great Recession, some graduates are struggling to find a good job--or any job at all. As a result, many are questioning whether the time and expense of college was worth it. The authors try to answer this question by comparing the economic benefits of a college degree to its costs, as…

This paper studies the incidence and consequences of the mismatch between formal education and the educational requirements of jobs in Estonia during the years 1997-2003. We find large wage penalties associated with the phenomenon of educational mismatch. Moreover, the incidence and wage penalty of mismatches increase with age. This suggests that…

From the 1960s to the 1990s in the United States, a distinctive feature was observed in variations in the number of Bachelor's degree recipients by field of study. The number in each field demonstrated certain cyclical patterns. Similarly, the U.S. economy experienced fluctuations during a comparable period. Given this 40-year trend, this study…

This report analyzes the economic and social costs of the high school dropout problem in Montana from the perspective of a state taxpayer. The majority of the authors' analysis considers the consequences of this problem in terms of labor market, tax revenue, and public service costs. In quantifying these costs, the authors seek to inform public…

"Education at a Glance: OECD Indicators" is the authoritative source for accurate information on the state of education around the world. It provides data on the output of educational institutions; the impact of learning across countries; the financial and human resources invested in education; access, participation and progression in…

This study provides estimates of the private Internal Rates of Return (IRR) to tertiary education for women and men in 21 OECD countries, for the years between 1991 and 2005. IRR are computed by estimating labour market premia on cross-country comparable individual-level data. Labour market premia are then adjusted for fiscal factors and education…

This chapter is a draft of Chapter 7 of a planned book, "Preschool and Jobs: Human Development as Economic Development, and Vice Versa." This book analyzes early childhood programs' effects on regional economic development. Four early childhood programs are considered: (1) universally accessible preschool for four-year-olds of similar…

This paper is a draft of Chapter 8 of a planned book, "Preschool and Jobs: Human Development as Economic Development, and Vice Versa". This book analyzes early childhood programs' effects on regional economic development. Four early childhood programs are considered: (1) universally accessible preschool for four-year-olds of similar…

This dissertation deals with the relationship between wages and employment in five industry classifications covering mullwork and furniture plants. Census and other data for 1958, 1963 and 1967 are used, as well as data for the three years combined. The data are on the state level. The relationship is estimated within a simultaneous equation…

The impact of the Earned Income Tax Credit (EITC) on working families was analyzed. The analysis established that the EITC is, on balance, a highly effective program that meets its primary objectives well. The following benefits of the EITC were identified: (1) it reduced the poverty rate in 1999 by an estimated 1.5 percentage points; (2) it is…

Using data from the 1985 Buenos Aires (Argentina) Household Survey of 4,500 employed individuals, earnings differences are explained by a set of individual human capital characteristics. Returns to education investments are then estimated for different levels and types of schooling. Secondary and higher education investments need to be retargeted.…