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Discussion Paper
Human Capital and Education in Puerto Rico

Educational attainment is an important element of human capital; however a series of recent papers highlights the crucial role of the quality of education?which determines the skills actually learned, rather than the number of years spent in a classroom?as a main driver of growth. In fact, Hanushek and Woessmann argue that the importance of more appropriately measuring skills is seen in the very tight relationship between quality of skills, or knowledge capital, and growth. Moreover, the researchers state, ?The knowledge capital?growth relationship suggests little mystery for East Asia, Latin ...
Liberty Street Economics , Paper 20160811

Working Paper
The lengthening of childhood

Forty years ago, 96 percent of six-year-old children were enrolled in first grade or above. As of 2005, the figure was just 84 percent. The school attendance rate of six-year-olds has not decreased; rather, they are increasingly likely to be enrolled in kindergarten rather than first grade. This paper documents this historical shift. We show that only about a quarter of the change can be proximately explained by changes in school entry laws; the rest reflects "academic redshirting," the practice of enrolling a child in a grade lower than the one for which he is eligible. We show that the ...
New England Public Policy Center Working Paper , Paper 08-3

Journal Article
Lean state funding pinches budgets of New England public colleges and universities

Fiscal Facts , Issue Sum , Pages 1-2, 8

Journal Article
Equity in school finance: state aid to schools in New England

Perhaps the most widely held view of the Crash of 1987 is the Cascade Theory: the Despite the goal of equal access to comparable public education, spending disparities among school districts persist. All the New England states provide more school aid per pupil to poor districts than to rich districts. Nevertheless, districts with smaller per-pupil tax bases spend less per pupil and levy higher school tax rates than wealthier districts. Even in the two New England states with the smallest spending disparities, the richest one-fifth of the districts spend 20 percent more per pupil than the ...
New England Economic Review , Issue Mar , Pages 25-46

Journal Article
Youth unemployment and the transition from school to work: programs in Boston, Frankfurt, and London

New England Economic Review , Issue Mar , Pages 3-16

Journal Article
Labor markets and earnings inequality : a status report

New England Economic Review , Issue May , Pages 11-25

Journal Article
Equality of education opportunity revisited

New England Economic Review , Issue May , Pages 87-114

Journal Article
Is the market for college graduates headed for a bust? Demand and supply responses to rising college wage premiums

New England Economic Review , Issue May , Pages 115-138

Journal Article
The impact of employer payments for health insurance and social security on the premium for education and earnings inequality

The trend toward increased wage and income inequality that emerged in the 1980swith "the rich getting richer and the poor poorer"has attracted a great deal of attention and concern. One aspect of this phenomenon has been the growing premium for education, with the disparity between the wage and salary earnings of the least and best educated rising since 1979. A related observation involves the increased earnings inequality among similar workers, which occurred in the 1970s as well as the 1980s.> This exploratory article seeks to broaden the discussion by asking whether the rising cost of ...
New England Economic Review , Issue May , Pages 25-40

Journal Article
School district spending and state aid: why disparities persist

Most decisions about the level of local public school spending are made by local school districts. Their choices are conditioned by local resources and the availability of external funds, mostly from state governments. A major purpose of this substantial state aid is to further the goal of equal educational opportunity by helping to make spending more equal in rich and poor districts. ; This article investigates the link between school spending disparities and state school aid by using data on school finances and community attributes to model the determinants of per-pupil operating spending ...
New England Economic Review , Issue Jan , Pages 50-68



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