a speech at the Fifteenth Congressional District of Texas’ Fifth Regional Issues Conference, Washington, D.C.

The profile of an average college student today is not what you might think. The stereotypical image of a college student—right out of high school, living in the dorm, with parents footing the bill—is no longer the reality. Today, the typical college student is a working adult with one or...

Banks, their customers and the local community share the long-term benefits of meaningful community investments.

According to a study featured in the Federal Reserve Bank of Cleveland's 2005 Annual Report, differences in state income levels can be explained largely by two factors: innovation and workforce skills. The study's findings suggest that increasing a region's knowledge base should be a primary...

Upstate New York's weak population and labor force growth in recent years has raised concerns about a loss of educated workers. Indeed, the region has seen a net outflow of college-educated people. This issue of Upstate New York At-a-Glance finds that this net outflow reflects a low rate of...

Conservatively speaking, a college graduate generates $142,000 in state fiscal benefits over time while costing a state only $60,500. But trends in higher education allocations (4.1 percent of total state spending nationwide in 1984; 1.8 percent in 2004) suggest states have become shortsighted.

Using data from the U.S. Census and the National Longitudinal Surveys, the authors find little evidence of differences in the economic value of education across racial and ethnic groups, even with attempts to control for ability and measurement error biases. As a result, they argue, policies...

Affordable higher education is, and has been, a key element of social policy in the United States with broad bipartisan support. Financial aid has substantially increased the number of people who complete university—generally thought to be a good thing. We show, however, that making education...

Tuition and student debt have skyrocketed, but higher education still pays off.