In this paper we examine the occupational distribution of individuals who hold bachelor degrees in particular fields in the United States using data from the various waves of the National Survey of College Graduates. We propose and calculate indexes that describe two related aspects of the...

In this paper we examine the occupational distribution of individuals who hold bachelor degrees in particular fields in the United States using data from the various waves of the National Survey of College Graduates. We propose and calculate indexes that describe two related aspects of the...

Policy advocates often push for market-like performance incentives for publicly provided services such as in education or healthcare (as with Medicare in the U.S.). The evidence supporting output-based, performance incentives for such jobs is mixed at best. One possible explanation is that the...

Evidence shows college increases earnings, but little causal evidence distinguishes whether these earnings come through human capital gains or from the signal a college degree sends. We use the unique situation created by the First World War, where several cohorts of West Point cadets were...

Given the simultaneous rise in time-to-graduation and college GPA, it may be that students reduce their course load to improve their performance. Yet, evidence to date only shows increased course loads increase GPA. We provide a model showing many unobservable factors – beyond student ability...

We use a simple framework, adopted from general equilibrium search models, to estimate the extent to which monopsony power (or labor market frictions) can account for gender differences in pay, using data from a chain of regional grocery stores. In this framework, the elasticity of labor supply...

In the context of certain dynamic models, it is possible to infer the elasticity of labor supply to the firm from the elasticity of the quit rate with respect to the wage. Using this property, we estimate the average labor supply elasticity to public school districts in Missouri. We take...