Using data collected from more than 5.8 million high school and college graduates ages 18 to 65 years who participated in the American Community Survey between 2009 and 2021, the authors estimate the internal rates of return (IRRs) for individuals with college degrees in 10 broad majors compared with high school graduates. The analysis shows…

To increase the science, technology, engineering, and mathematics (STEM) workforce, U.S. education policy has emphasized the pathways from education to STEM careers. While some scholars argue that employers prioritize the degree, and not institutional affiliation, in hiring graduates, the argument needs to be warranted with more recent data…

Using the China Family Panel Studies, we identify the subjects studied by vocational college and university graduates, with the latter group further divided into ordinary and key universities. While the returns are around 8-10% to attending colleges and ordinary universities, there are higher returns of 12-16% per annum to attending the more…

Underrepresented minority (URM) college students have been steadily earning degrees in relatively less-lucrative fields of study since the mid-1990s. A decomposition reveals that this widening gap is principally explained by rising stratification at public research universities, many of which increasingly enforce GPA restriction policies that…

This third installment of "Hard Times" updates the previous analyses of college majors, unemployment, and earnings over the Great Recession. While there is wide variation by college majors, hard times have become better times for most college graduates, but the recovery is far from complete. Hard times are becoming better times for most…

The results of the 2011 CASE Compensation Survey provide insights on trends since the last in-depth analysis in 2008. This article explores in great detail the 2011 findings and provides a snapshot of what's changed--and what hasn't--in three years. (Contains 34 figures.)

Private schooling, in its various guises, is an important feature of education systems across the world. The existence of a private education sector generates the possibility for parents to opt their children out of state provided education. In the case of the UK, private schools, though far less numerous than state schools, have for a long time…

On the basis of official statistics, poverty has halved in Ghana over the period from 1991 to 2005. Our objective in this paper is to assess how far this fall was linked to the creation of better paying jobs and the increase in education. We find that earnings rose rapidly in the period from 1998 to 2005, by 64% for men and by 55% for women. While…

In this paper we will briefly review recent trends in employment outcomes for disadvantaged youth, focusing specifically on those who have become "disconnected" from school and the labor market, and why these trends have occurred. We then review a range of policy prescriptions that might improve those outcomes. These policies include: 1)…

Students who attend institutions of higher education obtain a wide range of personal, financial, and other lifelong benefits; likewise, taxpayers and society as a whole derive a multitude of direct and indirect benefits when citizens have access to postsecondary education. Accordingly, uneven rates of participation in higher education across…

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…

According to Sheldon Danziger and David Ratner, changes in the labor market over the past thirty-five years, such as labor-saving technological changes, increased globalization, declining unionization, and the failure of the minimum wage to keep up with inflation, have made it more difficult for young adults to attain the economic stability and…

"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…

Across OECD (Organisation for Economic Cooperation and Development) countries, governments are having to work with shrinking public budgets while designing policies to make education more effective and responsive to growing demand. The 2011 edition of "Education at a Glance: OECD Indicators" enables countries to see themselves in the light of…