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Journal Article
Youth unemployment and the transition from school to work: programs in Boston, Frankfurt, and London
Spring, William J. (1987-03)
New England Economic Review , Issue Mar , Pages 3-16

Journal Article
College degrees: why aren't more people making the investment?
Gascon, Charles S.; Canon, Maria E. (2012-04)
The benefits of a college diploma are many, including higher pay, lower unemployment, maybe even better health. Yet many high school graduates still do not pursue a college degree. This article examines several key reasons why more people aren?t making this investment in themselves.
The Regional Economist , Issue Apr

Working Paper
Consumer Bankruptcy, Mortgage Default and Labor Supply
Li, Wenli; Meghir, Costas; Oswald, Florian (2022-08-30)
We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic institutional framework in the U.S. as implied by Chapter 7 and Chapter 13. The model is estimated using micro data on credit reports and mortgages combined with data from the American Community Survey. We use the model to understand the ...
Working Papers , Paper 22-26

Briefing
The Pandemic’s Effects on Children’s Education
Pinto, Santiago (2023-08)
School closures and switches to hybrid/virtual learning due to the pandemic adversely affected student achievement through several channels, including a decline in skill accumulation and a disruption of peer effects and peer-group formation.Preliminary evidence suggests that losses took place early in the pandemic and that there has not been an apparent recovery. Also, the impact on students has been far from uniform, as economic losses tend to fall more deeply on younger students and students from disadvantaged backgrounds.Simply returning schools and instructional practices to where they ...
Richmond Fed Economic Brief , Volume 23 , Issue 29

Journal Article
School quality and affordable housing in the Bay Area
Cytron, Naomi (2011-06)
Everyone knows the old real estate adage that the three most important factors in determining the value of a given property are location, location, and location. This is to say that place matters; a neighborhood confers a bundle of amenities to its residents that are specific to that geography. This bundle can include proximity to parks, small-scale retail offerings, high quality schools, and a variety of transportation options, as well as low crime rates and clean air. These amenities are arranged in a variety of configurations across space, and most households determine which aspects are ...
Community Development Research Brief , Issue June , Pages 1-10

Journal Article
A dose of market discipline: the new education initiatives
Taylor, Lori L. (2002-05)
Southwest Economy , Issue May , Pages 9 - 12

Working Paper
Human Capital and Unemployment Dynamics: Why More Educated Workers Enjoy Greater Employment Stability
Cairó, Isabel; Cajner, Tomaz (2014-02)
Why do more educated workers experience lower unemployment rates and lower employment volatility? A closer look at the data reveals that these workers have similar job finding rates, but much lower and less volatile separation rates than their less educated peers. We argue that on-the-job training, being complementary to formal education, is the reason for this pattern. Using a search and matching model with endogenous separations, we show that investments in match-specific human capital reduce the outside option of workers, implying less incentives to separate. The model generates ...
Finance and Economics Discussion Series , Paper 2014-09

Why Human Capital Matters Why Human Capital Matters
Monge-Naranjo, Alexander (2020-10-13)
An economist at the St. Louis Fed discusses the growing importance of human capital in determining a nation’s income.
On the Economy

Working Paper
Achievement Gap Estimates and Deviations from Cardinal Comparability
Nielsen, Eric R. (2015-05-12)
This paper assesses the sensitivity of standard empirical methods for measuring group differences in achievement to violations in the cardinal comparability of achievement test scores. The paper defines a distance measure over possible weighting functions (scalings) of test scores. It then constructs worst-case bounds for the bias in the estimated achievement gap (or achievement gap change) that could result from using the observed rather than the true test scale, given that the true and observed scales are no more than a fixed distance from each other. The worst-case weighting functions have ...
Finance and Economics Discussion Series , Paper 2015-40

Journal Article
Why it's important to understand economics
Walstad, William (1998-12)
The Region , Volume 12 , Issue Dec , Pages 22-26

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