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It is generally agreed upon that most individuals who acquire a college degree do so in their early 20s. Despite this consensus, we show that in the US from the 1930 birth cohort onwards a large fraction - around 20% - of college graduates obtained their degree after age 30. We explore the...
Persistent link: https://www.econbiz.de/10014437005
A fundamental question for education policy is whether outcomes-based accountability including comprehensive educator evaluations and a closer relationship between effectiveness and compensation improves the quality of instruction and raises achievement. We use synthetic control methods to study...
Persistent link: https://www.econbiz.de/10014247993
There is a growing body of research examining the labor market returns to college major, motivated by the large returns to skill in the labor market. Prior research has focused almost exclusively on mean effects and has paid little attention to the role of earnings growth and variability. Using...
Persistent link: https://www.econbiz.de/10013361985
We examine the effect of attending stand-alone technical high schools on the industry of employment and within industry earnings premiums using a regression discontinuity design. We study the universe of students that applied to the Connecticut Technical Education and Career System (CTECS)...
Persistent link: https://www.econbiz.de/10013362061
It is widely believed that in the US wage growth has fallen massively behind productivity growth. Recently, it has also been suggested that the UK is starting to follow the same path. Analysts point to the much faster growth of GDP per hour than median wages. We distinguish between "net...
Persistent link: https://www.econbiz.de/10010702081
Employees in the UK are not being denied their fair share of economic growth, according to research by João Paulo Pessoa and John Van Reenen. Their investigation of claims that wage growth has become 'decoupled' from productivity growth finds that decoupling has been overstated and cannot be...
Persistent link: https://www.econbiz.de/10010721423
Persistent link: https://www.econbiz.de/10004990382
The close connection between US and China in scientific research and education in the 2000s produced a large group of China-born researchers who work in the US ("diaspora") and a larger group of China-born researchers who gained US-research experience and returned to do their research in China...
Persistent link: https://www.econbiz.de/10014322694
We show that time variation in risk premia leads to time-varying idiosyncratic income risk for workers. Using US administrative data on worker earnings, we show that increases in risk premia lead to lower earnings for low-wage workers; these declines are primarily driven by job separations. By...
Persistent link: https://www.econbiz.de/10014447289
Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They infer from this that there is potential for wage-push inflation. However, real wages are falling rapidly at present and, prior to that, real wages had been stagnant for some...
Persistent link: https://www.econbiz.de/10013361977