The effects of school quality on income

This paper uses a unique data set created by merging the Panel Study of Income Dynamics with school data from the Common Core of Data to examine the relationship between school expenditures and earnings. I find that school expenditures are related to earnings, and also positively affect the returns to schooling. This is particularly important given recent papers that have found no effect because this study is able to observe wages at later ages and is estimated for males and females. Robustness estimates find that if the sample were only observed at young ages, or estimated for white males, as has been done previously, the results would not hold. Therefore, it appears that even using an individual-level data set with students educated in this half of the century, school spending affects earnings.     

Students’ expectations of the economic returns to college education: results of a controlled experiment

We report the results of an experiment designed to elicit students’ subjective beliefs about the economic returns to college education. An important feature of our experimental design is the inclusion of financial incentives for accurate reporting. We also consider the extent to which individuals’ beliefs about their own returns differ from their beliefs about the returns for others. The evidence shows that students do have a self-enhancement tendency, and this finding cannot be attributed to previously uncontrolled order effects. The evidence also indicates that there is no significant difference between beliefs elicited using hypothetical surveys or real financial incentives in the elicitation procedure. This finding suggests that economists’ reluctance to gather subjective data on earnings expectations may not be warranted.     

College majors and the knowledge content of jobs

College students select majors for a variety of reasons, including expected returns in the labor market. This paper demonstrates an empirical method linking a census of US degrees and fields of study with measures of the knowledge content of jobs. The study combines individual wage and employment data from the Current Population Survey (CPS) with ratings on 27 knowledge content areas from the Occupational Information Network (O^*NET), thus providing measures of the economy-wide knowledge content of jobs. Fields of study and corresponding BA degree data from the Digest of Education Statistics for 1976–1977 through 2001–2002 are linked to these 27 content areas. We find that the choice of college major is responsive to changes in the knowledge composition of jobs and, more problematically, the wage returns to types of knowledge. Women's degree responsiveness to knowledge content appears to be stronger than men's, but their response to wage returns is weak.     

Changes in returns to education in India, 1983–94: by gender, age-cohort and location

There is hardly any estimate of the monetary returns to schooling in the labor market in India based on national level representative data for the recent period. This paper provides estimates of the returns to education in wage employment in India by gender, age cohort and location (rural–urban) for the most recent period 1993/4, and also evaluates the changes in returns over a period of time from 1983–94 using data from a large national level household survey. The estimates show that the returns to education increase up to the secondary level and decline thereafter. There is evidence of substantial gender and rural–urban differences in the returns to schooling. Investment in women's education, particularly at the middle, lower secondary and higher secondary levels, is more profitable than that for men in 1983 and also in 1993/4. The returns to women's primary and middle levels of education have declined while those to secondary and college levels have increased during the decade 1983–94.     

But can she cook? Women’s education and housework productivity

Previous inquiries into the relationship between education and housework productivity reveal that expectations differ along disciplinary (i.e., economics vs. non-economics) lines and empirical results from the economics literature are mixed. Expectations of a positive sign between education and housework productivity in the economics literature may be a function of misinterpretations of [J. Polit. Economy 81 (1973) 306] original theory pertaining to all non-market production, which is far more general than just housework. Mixed empirical results may be a function of incomplete or overly assumption-reliant econometric models derived previously. We streamline the procedures for estimating the parameters of a one-person, one-period housework production function such that the system of equations may be specified with a single, literature-based assumption. Our estimation of the production function parameter that measures the effect of education on housework productivity suggests that authors in the non-economics literature may have a point; the relationship between education and housework productivity may be negative due to “morale” effects.     

Do academically deficient scholarship athletes earn higher wages subsequent to graduation?

In this paper, data from the Baccalaureate & Beyond 93/97/03 survey is used to estimate the effects on the earnings of scholarship athletics participants subsequent to graduation. Former college athletes are found to have higher wages on average. Upon first glance, colleges and universities could use these results to argue on behalf of investments in athletics. However, by using quantile regression, it is shown that the positive wage premiums are not equivalent for all college athletes.     

Higher levels of education for higher private returns: New evidence from Malaysia

This study provides new and more accurate information about private rates of return to education (RORE) in Malaysia. Most of the prior studies on RORE have not addressed selectivity bias, and those that have are based on an older data set. The findings suggest that for both males and females, the average private returns to education are highest at the secondary (16.5 percent and 27.2 percent, respectively) and university (15.5 percent and 16.1 percent, respectively) education levels. Thus, it is important to pursue education until the secondary level and further to the university level to capture higher returns to education.     

Where the boys aren't: non-cognitive skills, returns to school and the gender gap in higher education

Nearly 60 percent of college students today are women. Using longitudinal data on a nationally representative cohort of eighth grade students in 1988, I examine two potential explanations for the differential attendance rates of men and women—returns to schooling and non-cognitive skills. The attendance gap is roughly five percentage points for all high school graduates. Conditional on attendance, however, there are few differences in type of college, enrollment status or selectivity of institution. The majority of the attendance gap can be explained by differences in the characteristics of men and women, despite some gender differences in the determinants of college attendance. I find that higher non-cognitive skills and college premiums among women account for nearly 90 percent of the gender gap in higher education. Interestingly, non-cognitive factors continue to influence college enrollment after controlling for high school achievement.     

The returns to education for opportunity entrepreneurs,necessity entrepreneurs,and paid employees

We assess the relevance of formal education on the productivity of the self-employed, distinguishing between opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative employment options. We expect differences in the returns to education between these groups due to different levels of control over the use of their human capital. The analysis employs the German Socio-Economic Panel and accounts for the endogeneity of education and non-random selection. Results indicate that the returns to a year of education for opportunity entrepreneurs are similar to the paid employees’ rate of 8.8%, but 3 percentage points lower for necessity entrepreneurs. Pooling the two types of entrepreneurs tends to understate the value of education for opportunity entrepreneurs and may spark misguided hopes concerning necessity entrepreneurs. The results may also partly explain Europe/US differences in average entrepreneurial returns.     

Sexual orientation and outcomes in college

It has been well documented that sexual minority individuals are significantly more likely to be college educated than heterosexual individuals [Black, D., Gates, G., Sanders, S., & Taylor, L. (2000). Demographics of the gay and lesbian population in the United States: Evidence from available systematic data sources. Demography, 37(2), 139–154; and others]. Yet there is very little scholarship on the experiences of sexual minorities in college. We discuss several ways that sexual orientation could matter for college outcomes, and we provide the first empirical evidence on this question by using confidential data on over 40,000 students from the 1997, 1999, and 2001 waves of the Harvard College Alcohol Study. We identify sexual minorities by using responses to questions about the sex of the respondent's lifetime sex partners. After conditioning on observable demographic characteristics and institution fixed effects, we find that (compared to their heterosexual peers): (1) gay males have higher college grade point averages and perceive their academic work as more important; (2) gay and bisexual males are more likely to report the presence of a faculty member or administrator with whom they could discuss a problem; and (3) gay and bisexual males place more importance on participating in student organizations, volunteer activities, the arts, and politics. Among females, we find that: (1) bisexual females are less satisfied with the education they are receiving, spend less time studying, and perceive their academic work as less important; and (2) lesbian and bisexual females place more importance on participation in the arts and politics. These patterns suggest important and complex relationships between sexual orientation and college outcomes.     

Immigration and its effect on the college-going outcomes of natives

In this paper, I analyze immigration's effect on the SAT-scores and college application patterns of high school students in California and Texas. The student-level dataset used is longitudinal in nature and is matched via a unique algorithm to the Census 2000 summary tabulation files to determine immigration at the local census-place level. The Census measure of immigration developed here is extremely specific and improves upon existing immigration measures. Using empirical strategies to account for issues of selection, this essay's main finding is that the 1990s immigration did not harm, and possibly benefited the student outcomes of U.S. citizens.     

Cultural capital and its effects on education outcomes

In this study we distinguished between two forms of cultural capital, one that is static, representing the highbrow activities and practices of parents, and one that is relational, representing cultural interactions and communication between children and their parents. We used data for 28 countries from the 2000 Programme for International Student Assessment to examine whether these two types of cultural capital were associated with students’ reading literacy, sense of belonging at school, and occupational aspirations, after controlling for traditional measures of socioeconomic status. We examined whether one type of cultural capital had stronger effects than the other and whether their effects differed across outcomes and across countries. The results provide compelling evidence that dynamic cultural capital has strong effects on students’ schooling outcomes, while static cultural capital has more modest effects.     

教育对中国1978～2006年经济增长贡献率的研究

本文采用“人力资本-教育收益率测算法”,来定量研究1978—2006年中国教育投资（即人力资本投资）与经济增长之间的关系。在研究的过程中,本文采用侯风云教授的形成基础法来度量中国人力资本奇量,从而也是对“人力资本一教育收益率测算法”的补充与完善。本文的研究结论表明了1978—2006年间教育对中国经济增长的贡献率为14．48％。     

The effect of grade retention on educational and labor market outcomes

Grade retention is a major issue in the ongoing debate over how to improve primary and secondary education in the United States. This paper examines the retention decision and its empirical effects using an economic framework. Within our model, the retention decision is endogenous with respect to such observables as dropping out of school and labor market earnings and this endogeneity needs to be accounted for in empirical work. In the empirical section of the paper we use the High School and Beyond (HSB) data set to examine the effects of retention on the probability of dropping out of high school and on labor market earnings several years after the student has entered the workforce. We account for the endogeneity of grade retention by using instrumental variables (IV) estimation where the key instrument is based on exogenous variation across states in kindergarten entry dates.     

Math skills and market and non-market outcomes: Evidence from an Amazonian society of forager-farmers

Research in industrial nations suggests that formal math skills are associated with improvements in market and non-market outcomes. But do these associations also hold in a highly autarkic setting with a limited formal labor market? We examined this question using observational annual panel data (2008 and 2009) from 1121 adults in a native Amazonian society of forager-farmers in Bolivia (Tsimane’). Formal math skills were associated with an increase in wealth in durable market goods and in total wealth between data collection rounds, and with improved indicators of own reported perceived stress and child health. These associations did not vary significantly by people's Spanish skills or proximity to town. We conclude that the positive association between math skills and market and non-market outcomes extends beyond industrial nations to even highly autarkic settings.     

Institutional research productivity and the connection to average student quality and overall reputation

We posit that institutions of higher education attempt to maximize their reputation, and that an institution's reputation, research output, and average student quality are determined simultaneously. Because these outputs are produced jointly, three-stage least squares is used to estimate the parameters of the model. We find that faculty research productivity is positively related to reputation but negatively related to student quality at research universities, but that reputation and student quality have little impact on research productivity at liberal arts colleges.     

The impact of internal migration on educational outcomes: Evidence from Turkey

Similar to the relation between the inflows of immigrants and educational outcomes that are found in immigration studies, the spatial distribution of internal migrants within a given country also may influence educational outcomes, at least in the short run. This could be particularly true in Turkey, where inter-provincial mobility is high and where striking differences in educational resources and therefore educational success across regions persist. Using the 1990 and 2000 Turkish Censuses, this study exploits variations over time in the inflow of internal migrants across provinces to identify the causal effect of internal migration on natives’ educational outcomes. The evidence suggests that the inflow of migrants lowers natives’ completion rates for middle school and high school. Evidence also indicates that while the negative effects appear to be greater among native children from low-SES households, native high-SES households are able to mitigate these adverse effects for their children. Furthermore, the estimated effects exhibit some differences by children's gender and migrant status.     

The public returns to public educational investments in African-American males

This paper calculates the public savings (financial benefits) from greater public investments in the education of African-American males. Over one-fifth of each age cohort of black males in US is not a high school graduate. We identify five interventions that would—based on credible research—increase the graduation rate; we also report the public cost of each intervention. We then calculate the lifetime public benefits in terms of increased tax revenues and lower spending on health and crime. In present values, for a black male aged 20, these public benefits amount to $256,700 per new graduate and the median intervention would cost only $90,700. The benefit/cost ratio is 2.83. Simply equating the high school graduation rate of black males with that of white males would yield public savings of $3.98 billion for each age cohort. These results suggest that increased investments in education for black males at risk of dropping out of high school should be an economic priority.     

Economic analysis of World Bank education projects and project outcomes

This paper tests the hypothesis that World Bank education projects have a higher likelihood of being successful if at the time of appraisal, they underwent good quality economic analysis. Analysis shows a strong relationship between the quality of cost–benefit analysis and cost–effectiveness analysis and the quality of project outcomes. Economic analysis of projects is a tool for weeding out potentially poor investments and selecting potentially worthwhile ones. Good practice education projects require good economic analysis—analysis of demand, of the counterfactual private sector supply, of the project’s fiscal impact, of lending’s fungibility—and strong sector work before project design.     

博士研究生教育个人投资成本收益分析

本对博士研究生教育个人投资的成本收益曲线、个人投资成本收益模型、博士生教育成本收益计算进行了理论性的分析。目前，对博士研究生教育的需求大大高于供给，博生人的个人成本补偿较小，收益较大，成本补偿空间较大，因此，加大个人教育成本补偿，同时加大社会、政府对博士生教育的投资，是我国博士生教育发展的一个较好的模式。