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Working Paper
The Great Migration and Educational Opportunity

This paper studies the impact of the First Great Migration on children. We use the complete count 1940 Census to estimate selection-corrected place effects on education for children of Black migrants. On average, Black children gained 0.8 years of schooling (12 percent) by moving from the South to the North. Many counties that had the strongest positive impacts on children during the 1940s offer relatively poor opportunities for Black youth today. Opportunities for Black children were greater in places with more schooling investment, stronger labor market opportunities for Black adults, more ...
Working Papers , Paper 22-04

Journal Article
Too Small to Succeed?

The hard facts of education economics are putting some small colleges at risk
Econ Focus , Issue 1Q , Pages 16-20

Journal Article
Workforce Development: Engaging Employers

Leaders of a community college, the YouthBuild charter school, and a public career and technical institute speaking on a Reinventing Our Communities conference panel addressed the need to forge stronger connections between high school and postsecondary education or employment, especially for ?opportunity youth? who are neither employed nor in school
Cascade , Volume 4

The Cost of College

Speaking at Saint Louis University in St. Louis, MO. President Harker speaks about the Cost of College.
Speech , Paper 149

Journal Article
Intermediaries Play Key Role in Expanding Apprenticeships

Many government and foundation leaders believe that intermediaries are needed to expand the level of apprenticeship activity in the U.S. This article provides context for the increased attention on intermediaries and examines the model and track record of the Vermont Healthcare and Information Technology Education Center, better known as Vermont HITEC, a leading apprenticeship intermediary.
Cascade , Volume 3

What Will Your Letter Say?

Presentation at Utah Valley University's Commencement, Orem, Utah, May 6, 2022, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco.

Discussion Paper
Diplomas to Doorsteps: Education, Student Debt, and Homeownership

Evidence overwhelmingly shows that the average earnings premium to having a college education is high and has risen over the past several decades, in part because of a decline in real average earnings for those without a college degree. In addition to high private returns, there are substantial social returns to having a well-educated citizenry and workforce. A new development that may have important longer-term implications for education investment and for the broader economy is a significant change in the financing of higher education. State funding has declined markedly over the past two ...
Liberty Street Economics , Paper 20170403

Why Human Capital Matters Why Human Capital Matters

An economist at the St. Louis Fed discusses the growing importance of human capital in determining a nation’s income.
On the Economy

Journal Article
Work, Leisure, and Family: From the Silent Generation to Millennials

This article analyzes the changes in family structure, fertility behavior, and the division of labor within the household from the Silent generation (cohort born in 1940-49) to the Millennial generation (cohort born in 1980-89). Using data from the Panel Study of Income Dynamics, this article documents the main trends and life-cycle profiles for each generation. The main findings are that (i) the wage-age profile has been shifting down over generations, especially for Millennial men; (ii) the returns to a four-year college degree or higher for men have increased for all generations; (iii) ...
Review , Volume 103 , Issue 4 , Pages 385-424

Working Paper
Achievement Gap Estimates and Deviations from Cardinal Comparability

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


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