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We analyze the early labor market outcomes of U.S. college graduates from the classes of 1974 to 2011, as a function of the economic conditions into which they graduated. We have three main findings. First, poor labor market conditions substantially disrupt early careers. A large recession at...
Persistent link: https://www.econbiz.de/10013046597
For-profit providers are becoming an increasingly important fixture of US higher education markets. Students who attend for-profit institutions take on more educational debt, have worse labor market outcomes, and are more likely to default than students attending similarly-selective public...
Persistent link: https://www.econbiz.de/10013224972
Each year, graduate students entering the academic job market worry that they will suffer due to uncontrollable macroeconomic risk. Given the importance of general human capital and the relative ease of publicly observing productivity in academia, one might expect unlucky graduating cohorts'...
Persistent link: https://www.econbiz.de/10013212368
Recent research has emphasized firm heterogeneity as a source of comparative advantage. Combining this approach with labor market frictions and worker heterogeneity provides a framework for studying the impact of trade on unemployment and inequality. This paper reviews this approach and reports...
Persistent link: https://www.econbiz.de/10013147599
How have labor market institutions and welfare-state transfers affected jobs and productivity in Western Europe, relative to industrialized Pacific Rim countries? Orthodox criticisms of European government institutions are right in some cases and wrong in others. Protectionist labor-market...
Persistent link: https://www.econbiz.de/10012760709
The extent of the demographic changes in Europe is dramatic and will deeply affect future labor, financial and goods markets. The expected strain on public budgets and especially social security has already received prominent attention, but aging poses many other economic challenges that...
Persistent link: https://www.econbiz.de/10013147613
China's growth spurt and Argentina's preservation of social stability and democracy after its 2001-2002 economic collapse …
Persistent link: https://www.econbiz.de/10013313263
China's rapid growth was fueled by substantial physical capital investments applied to a large stock of medium skilled … the past decade, China has made substantial investments in producing it. The egalitarian access to medium skilled …. China's growth will be fostered by expanding access to all levels of education, reducing impediments to labor mobility, and …
Persistent link: https://www.econbiz.de/10013106083
.world), with particular emphasis on the contrast between the trends observed in the United States, China, France, and the United …
Persistent link: https://www.econbiz.de/10012963762
rural incomes in China. Current literature based on analyses of rural income volatility in China decomposes poverty into … urban-rural income gap on which much of current poverty debate in China focuses. Since an uncertain income stream is worth … widen the urban-rural income gap in China but also increases other distributional summary statistics. Depending upon values …
Persistent link: https://www.econbiz.de/10012778094