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Journal Article
The Return on Investing in a College Education
Comparing higher education’s costs and benefits—tuition and greater future earnings, respectively—shows that the returns on investing in college can be high.
Journal Article
Decline in Number of Workers with “Some College” Is Boosting Healthcare Wage Inflation
Compared with the pre-pandemic period, the labor force contains about 1.5 million fewer individuals who have some post-secondary schooling but less than a bachelor’s degree. As a result, vacancies for jobs that require a post-secondary certificate or an associate degree remain elevated, especially in health-related fields. These shortages have contributed to higher wages in the fast-growing healthcare field and are unlikely to resolve quickly.
Discussion Paper
Leading, lagging, and left behind: identifying metropolitan leaders and labor market outcomes
From 1990 to 2010, the United States underwent significant changes in the makeup of the population and its educational attainment. During the period, bachelor's degree or higher attainment proportions rose significantly?7.9 percentage points?from 20.3 percent in 1990 to 28.2 percent in 2010. This growth happened unevenly, though. Of 283 metropolitan areas, only 78 were above the 7.9 percentage point increase, suggesting much more concentrated growth than would be expected if growth were experienced evenly. This paper documents the concentration of growth and examines four labor market ...
What Is Causing the College Premium to Shrink?
Luck, financial liberalization and the rising cost of college may help explain why the financial advantage of a college degree is less than it once was.
Residential Segregation and the Black-White College Gap
Using an economic model, researchers find that racial wage disparities, the amenity externality and racial barriers to moving could help explain the Black-white gap in college attainment.
Journal Article
Educational Attainment of Immigrants at the National and Eighth District Levels
What role does the foreign-born population play in the economy? Educational attainment and earnings data shed light on potential contributions.
Older Millennials Experience Pandemic Hardships Unequally
For those born in the 1980s, hardships during COVID-19 can vary greater because of one’s race, ethnicity or educational attainment.
Essay
Racial Equity Could Produce Widespread Economic Gains
An analysis suggests that racial and ethnic equity in employment, hours worked, education and earnings could expand U.S. GDP by trillions of dollars.
Working Paper
Will talent attraction and retention improve metropolitan labor markets?
Since the early 1990s, metropolitan entities and local governments have targeted incentives, policies, and investments with the goal of highly educated and skilled workers to locate in their communities. These efforts focus on attracting workers who hold a bachelor?s degree or higher and have had a profound effect on the form and management of metropolitan areas, but there is not clear evidence that growth in bachelor?s or higher degree attainment improves metropolitan labor market outcomes. I use an outcomes-based cluster-discriminant analysis to test whether or not metropolitan areas with ...
Do College Degrees Mean More Wealth?
College degrees usually indicate higher income and wealth over those without. But the college wealth premium for those born more recently is getting smaller.