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Working Paper
Why the Apple Doesn't Fall Far: Understanding Intergenerational Transmission of Human Capital
Devereux, Paul; Salvanes, Kjell; Black, Sandra E. (2004-07-01)
Parents with higher education levels have children with higher education levels. However, is this because parental education actually changes the outcomes of children, suggesting an important spillover of education policies, or is it merely that more able individuals who have higher education also have more able children? This paper proposes to answer this question with a unique data set from Norway. Using the reform of the education system that was implemented in different municipalities at different times in the 1960s as an instrument for parental education, we find little evidence of a ...
Working Paper Series , Paper 2004-12

Working Paper
The Pathway to Enrolling in a High-Performance High School: Understanding Barriers to Access
Sartain, Lauren; Barrow, Lisa (2020-12-04)
In 2017, Chicago Public Schools adopted an online universal application system for all high schools with the hope of providing more equitable access to high-performance schools. Despite the new system, Black students and students living in low-socioeconomic status (SES) neighborhoods remained less likely than their peers to enroll in a high-performance high school. In this paper, we characterize various constraints that students and families may face in enrolling in a high-performance high school including eligibility to programs based on prior academic achievement, distance from ...
Working Paper Series , Paper WP-2020-32

Report
Can increasing private school participation and monetary loss in a voucher program affect public school performance? Evidence from Milwaukee
Chakrabarti, Rajashri (2007-09-01)
The Milwaukee voucher program, as implemented in 1990, allowed only nonsectarian private schools to participate in the program. However, following a Wisconsin Supreme Court ruling, the program was expanded to include religious private schools in 1998. This second phase of the voucher program led to more than a three-fold increase in the number of private schools and almost a four-fold increase in the number of choice students. Moreover, because of some changes in funding provisions, the revenue loss per student from vouchers increased in the second phase of the program. This paper analyzes, ...
Staff Reports , Paper 300

Report
Human capital investments and expectations about career and family
Zafar, Basit; Wiswall, Matthew (2016-08-01)
This paper studies how individuals believe human capital investments will affect their future career and family life. We conducted a survey of high-ability currently enrolled college students and elicited beliefs about how their choice of college major, and whether to complete their degree at all, would affect a wide array of future events, including future earnings, employment, marriage prospects, potential spousal characteristics, and fertility. We find that students perceive large ?returns" to human capital not only in their own future earnings, but also in a number of other dimensions ...
Staff Reports , Paper 792

Report
Did cuts in state aid during the Great Recession lead to changes in local property taxes?
Roy, Joydeep; Livingston, Max; Chakrabarti, Rajashri (2013-10-01)
During the Great Recession and its aftermath, state and local governments? revenue streams dried up due to diminished taxes. Budget cuts affected many aspects of government; in this paper, we investigate whether (and how) local school districts modified their funding and taxing decisions in response to changes in state aid in the post-recession period. Using detailed district-level panel data from New York and a fixed effects as well as an instrumental variables strategy, we find strong evidence that school districts did indeed respond to state aid cuts in the post-recession period by ...
Staff Reports , Paper 643

Report
The impact of the Great Recession on school district finances: evidence from New York
Setren, Elizabeth; Chakrabarti, Rajashri (2011)
Despite education?s fundamental role in human capital formation and growth, there is no research that examines the effect of the Great Recession (or any other recession) on schools. Our paper begins to fill this gap. Exploiting detailed data on school finance indicators and an analysis of trend shifts, we examine how the Great Recession affected school funding in New York State. While we find no evidence of effects on either total revenue or expenditure, there were important compositional changes to both. There is strong evidence of substitution of funds on the revenue side?the infusion of ...
Staff Reports , Paper 534

Journal Article
A tale of two states: the recession’s impact on N.Y. and N.J. school finances
Livingston, Max; Chakrabarti, Rajashri; Bhalla, Ravi (2017-23-01)
Although schools play a crucial role in human capital formation and economic growth, relatively few studies consider the effect of recessions (and in particular the Great Recession) on schools. This article helps fill this gap by comparing and contrasting the effects of the Great Recession on school districts in New York and New Jersey. In fact, it is the first article to compare the impacts of the Great Recession on schools in different states. The authors find that the two states had very different experiences in the two years following the recession. While total school funding in New York ...
Economic Policy Review , Issue 23-1 , Pages 30-42

Report
Educational Attainment and Wage Growth in New England: Evidence from Four Decades of Administrative Wage Records
Wu, Pinghui; Liu, Annie (2026-01-01)
Per capita personal income in New England grew from $10,731 to $87,655 during the 1980–2024 period. This increase, the largest among all US census divisions, coincided with significant growth in educational attainment in the region. As of 2024, 53 percent of New England workers aged 25 to 64 held at least a bachelor’s degree, and 23 percent possessed advanced degrees, compared with national averages of 44 percent and 17 percent, respectively. This study provides new insights into the relationship between educational attainment and income growth in New England, examining both individual ...
New England Public Policy Center Research Report , Paper 26-1

Working Paper
The Expanding Landscape of Online Education: Who Engages and How They Fare
Barrow, Lisa; Morris, Wesley; Sartain, Lauren (2022-11)
Online offerings at traditional brick-and-mortar universities have become common, though some question if online courses can adequately substitute for thein-person college experience. We explore changes in undergraduate online course enrollment at a large, public 4-year system and the impacts of online courses onstudent outcomes. Online enrollment in courses nearly doubled from 2012 to 2019 when almost 40 percent took at least one class online. Female students and older students were especially likely to take online classes. Using an instrumental variables approach, we find that GPAs are ...
Working Paper Series , Paper WP 2022-52

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