Showing 1 - 10 of 21
Returns to education are traditionally estimated in a Mincer wage equation from the variation in schooling for a cross-section of individuals of different ages. Because individuals receive education at different time periods, when the quality of their education may not be identical, this method...
Persistent link: https://www.econbiz.de/10012465997
The leading school reform policy in the United States revolves around strong accountability of schools with consequences for performance. The federal government's involvement through the No Child Left Behind Act of 2001 reinforces the prior movement of many states toward policies based on...
Persistent link: https://www.econbiz.de/10012468102
Most analyses of teacher quality end without any assessment of the economic value of altered teacher quality. This paper combines information about teacher effectiveness with the economic impact of higher achievement. It begins with an overview of what is known about the relationship between...
Persistent link: https://www.econbiz.de/10012462051
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...
Persistent link: https://www.econbiz.de/10012464016
Students receive abundant information about their educational performance, but how this information affects future …-mandated standardized tests. On these tests, students receive a score and a label that summarizes their performance. Using a regression …-discontinuity design, we find persistent effects of earning a more positive label on the college-going decisions of urban, low-income …
Persistent link: https://www.econbiz.de/10012461501
Analyses of income inequality have identified the importance of increased demand for worker skills, but … characterizations of worker skills by the amount of schooling attained do not capture important aspects of the widening income … quality is an important component of the changing income distribution. The central analysis focuses on how governmental …
Persistent link: https://www.econbiz.de/10012471333
This paper examines the value of the GED credential and the conventional high school diploma in explaining the earnings of 27-year-old males in the early 1990s. The data base is the High School & Beyond sophomore cohort. We replicate the basic findings of prior studies that implicitly assume the...
Persistent link: https://www.econbiz.de/10012471615
The General Educational Development (GED) credential has become the primary 'second chance' route to high school certification for school dropouts in the United States. Despite the widespread use of the GED, however, bias due to self-selection has limited our knowledge about the effects of the...
Persistent link: https://www.econbiz.de/10012472417
Human capital is almost always identified as a crucial ingredient for growing economies, but empirical investigations of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for policy. This paper concentrates on the importance of labor...
Persistent link: https://www.econbiz.de/10012473468
Using data from two longitudinal surveys of American high school seniors, we show that basic cognitive skills had a larger impact on wages for 24-year-old men and women in 1986 than in 1978. For women, the increase in the return to cognitive skills between 1978 and 1986 accounts for all of the...
Persistent link: https://www.econbiz.de/10012473813