Speech
The national and regional economic outlook
Dudley, William (2011)
Remarks at the University at Albany, Albany, New York.
Speech , Paper 70

Journal Article
Childhood savings and college success
Lin, Cathy (2013-07)
As the cost of postsecondary education continues to rise, many families, especially low-income families, are concerned about their ability to pay. A variety of initiatives are making it easier to start saving early.
Communities and Banking , Issue Summer , Pages 22-25

Journal Article
Recent college graduates and the labor market
Hobijn, Bart; Gardiner, Colin; Wiles, Theodore S. (2011)
In the recent recession and recovery, the unemployment rates, part-time employment trends, and earnings growth of recent college graduates have closely mirrored the patterns they displayed during the cyclical recession of 2001 and the subsequent jobless recovery. Recent college graduates are typically not subject to structural frictions that can contribute to weak labor markets, such as mismatches between the skills of job seekers and the needs of employers. Similarities in the labor market experiences of recent college graduates in the two recessions and recoveries suggest that the current ...
FRBSF Economic Letter

Journal Article
The college wage premium
James, Jonathan (2012-08)
The return on educational investments has risen substantially in the past 30 years. While the primary focus has been on the college wage premium, new evidence shows that the value of going to college is affected by a host of other important educational decisions, each of which has a potentially large effect on future earnings. This Commentary examines the impact of two of these other decisions on earnings: the choice of a college major and the pursuit of an advanced degree. In some cases, differences in the college major premium are as large as the college wage premium itself.
Economic Commentary , Issue Aug

Journal Article
College completion gaps between blacks and whites: what accounts for regional differences
Kodrzycki, Yolanda (2004)
The educational gap between blacks and whites in the United States is wide and widening at the college graduate level. A less known fact is that the size of this gap differs across the various regions of the country. The difference is especially great for the Northeast, an area known for high average educational achievement. ; This paper explores the reasons for the differential college completion gaps by race across regions, focusing chiefly on adults between the ages of 25 and 34. Two hypotheses are explored. One is that differential incidence by region of factors determining access to a ...
New England Economic Review

Journal Article
High returns: public investment in higher education
Trostel, Philip A. (2008-04)
Conservatively speaking, a college graduate generates $142,000 in state fiscal benefits over time while costing a state only $60,500. But trends in higher education allocations (4.1 percent of total state spending nationwide in 1984; 1.8 percent in 2004) suggest states have become shortsighted.
Communities and Banking , Issue Spr , Pages 31-34

Working Paper
The fiscal impacts of college attainment
Trostel, Philip A. (2007)
This study quantifies one important part of the economic return to public investment in college education, namely, the fiscal benefits associated with greater college attainment. College graduates generally pay much more in taxes than those not going to college. Government expenditures are also generally much less for college graduates than for those without a college education. Indeed, over an average lifetime, total government spending per college degree is negative. That is, direct savings in post-college government expenditures are greater than government expenditures on higher education. ...
New England Public Policy Center Working Paper , Paper 07-2

Journal Article
What flattened the earnings profile of recent college graduates?
Ravikumar, B.; Kong, Yu-Chien (2013)
Over their working lifetimes, college graduates who entered the workforce many decades ago experienced a greater increase in wages than more-recent college graduates.
Economic Synopses

Working Paper
House price growth when kids are teenagers: a path to higher intergenerational achievement?
Cooper, Daniel H.; Luengo-Prado, Maria Jose (2011)
This paper examines whether rising house prices immediately prior to children entering their college years impacts their intergenerational earnings mobility and/or educational outcomes. Higher house prices provide homeowners, especially liquidity constrained ones, with additional funding to invest in their children's human capital. The results show that a 1 percentage point increase in house prices, when children are 17-years-old, results in roughly 0.8 percent higher annual income for the children of homeowners, and 1.2 percent lower annual income for the children of renters. Additional ...
Working Papers , Paper 11-6

Speech
The national and regional economy
Dudley, William (2013)
Remarks at Queens College, Flushing, New York.
Speech , Paper 124