In this paper we study whether location-specific price variation likely affects statistical inference and theoretical interpretation in the empirical implementation of human capital earnings functions. We demonstrate, in a model of local labor markets, that the ?return to schooling" is a...

How significant was the economic progress of African Americans in the United States between 1970 and 2000? In this paper the authors examine this issue for black men 25 to 55 years of age who live in 14 large U.S. metropolitan areas. They present the evidence that significant racial disparities...

This paper examines the role of community colleges in the U.S. higher education system and their advantages and shortcomings. In particular, it discusses the population of community college students and economic returns to community college education for various demographic groups. It offers new...

The return to a college education varies widely across U.S. cities.

Nearly half of all undergraduates in the U.S. are attending community colleges. Such colleges are cheaper, closer to home-and much more varied in their offerings than ever before. At some, you can even get a bachelor's degree.