We analyze the reallocations of educational expenditures required to equalize opportunities, according to the theory of Roemer (1998). Using the NLSYM data set, we find that implementing an equal-opportunity policy across men of different races, by using educational finance as the instrument,...

The authors test for a link between unionization and net investment rates in Canadian manufacturing. Analysis of data on 18 industries for the years 1967-87 reveals a negative non-linear relationship: the presence of unions appears to have reduced investment when the percentage of firms in the...

The paper tests whether technological change has been neutral in Canadian manufacturing industries, using a system of translog cost share equations for 1962 through 1986. The model features two classes of labor treated as distinct inputs. Tests rejected homotheticity in all industries. Hicks...

We analyze the reallocations of educational expenditures required to equalize opportunities, according to the theory of Roemer (1998). Using the NLSYM data set, we find that implementing an equal-opportunity policy across men of different races, by using educational finance as the instrument,...

The paper uses a survey to examine undergraduates' knowledge of salaries by type of education. Students' beliefs varied systematically with their year of study and personal background. The median student made (estimated) absolute errors of approximately 20 percent, but the mean signed error was...

The paper examines the impact of the business cycle on enrollments and finances at individual community colleges between the late 1960s and the mid-1980s. We find that 1 percent increases in the unemployment rates of recent high school graduates and of all adults are associated with rises in...

The paper analyzes the Grade Point Average (GPA) of more than 5,000 undergraduates at the University of California, San Diego. Personal background strongly affects GPA. Graduates of different high schools obtain significantly different GPAs, even after controlling for personal background. These...