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Keywords:Education - Economic aspects 

Discussion Paper
Educational opportunity and income inequality

Affordable higher education is, and has been, a key element of social policy in the United States with broad bipartisan support. Financial aid has substantially increased the number of people who complete university?generally thought to be a good thing. We show, however, that making education more affordable can increase income inequality. The mechanism that drives our results is a combination of credit constraints and the ?signaling? role of education first explored by Spence (1973). When borrowing for education is difficult, lack of a college education could mean that one is either of low ...
Public Policy Discussion Paper , Paper 04-5

Journal Article
Can young Americans compete in a global economy?

Young Americans have to compete for jobs not only with other Americans but also with qualified job-seekers worldwide. Are they ready for the challenge? This Letter sheds new light on the question by analyzing data from the International Adult Literacy Survey (IALS).
FRBSF Economic Letter

Journal Article
Measuring the effect of school choice on economic outcomes

In measuring the returns to education, economists usually focus on the number of years of schooling. But many people would say that the quality of schooling matters, too, even at the high school level. Does the type of high school attended make a difference in future income?
The Regional Economist , Issue Oct , Pages 5-9

School funding ten years after Michigan’s proposal A: Does equity equal adequacy?

Chicago Fed Letter , Issue Jun

Journal Article
Human capital and higher education: how does our region fare?

The number of people in a given state or region with a college education varies across the nation. States in the Third Federal Reserve District (Pennsylvania, New Jersey, and Delaware) compare favorably with the nation on measures of college education and the three states as a whole are close to the national average. Despite its average ranking in educational attainment, the area is a premier location for colleges and universities. In ?Human Capital and Higher Education: How Does Our Region Fare?? Tim Schiller evaluates the region?s standing with respect to college education by reviewing data ...
Business Review , Issue Q1 , Pages 16-26

Journal Article
High returns: public investment in higher education

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
Causality, causality, causality: the view of education inputs and outputs from economics

Educators and policy makers are increasingly intent on using scientifically-based evidence when making decisions about education policy. Thus, education research today must necessarily be focused on identifying the causal relationships between education inputs and student outcomes. In this paper we discuss methodologies for estimating the causal effect of resources on education outcomes; we also review what we believe to be the best evidence from economics on a few important inputs: spending, class size, teacher quality, the length of the school year, and technology. We conclude that while ...
Working Paper Series , Paper WP-05-15

The national and regional economy

Remarks at Queens College, Flushing, New York.
Speech , Paper 124

Journal Article
The college wage premium

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



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Bernanke, Ben S. 11 items

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