Economics Commons^™

Is College A Good Investment?: An Economic And Policy Analysis, Beth Akers

Brookings Scholar Lecture Series

This lecture provides a theoretical framework for thinking about the financial returns on the investment in higher education degrees and will present the latest empirical finding on this question. The discussion will touch on the topics of rapid tuition inflation, for-profit colleges, student loan debt, and the potential for a fiscal crisis in the market for student loans.

Match Quality, Worker Productivity, And Worker Mobility: Direct Evidence From Teachers, C. Kirabo Jackson

C. Kirabo Jackson

I investigate the importance of the match between teachers and schools for student achievement. I show that teacher effectiveness increases after a move to a different school, and I estimate teacher-school match effects using a mixed-effects estimator. Match quality "explains away" a quarter of, and has two-thirds the explanatory power of teacher quality. Match quality is negatively correlated with turnover, unrelated with exit, and increases with experience. This paper provides the first estimates of worker-firm match quality using output data as opposed to inferring productivity from wages or employment durations. Because teacher wages are essentially unrelated to productivity, this is …

Private Returns To Investment In Higher Levels Of Education In Kenya, Gary S. Fields

Gary S Fields

[Excerpt] A widespread phenomenon in less-developed countries-has been the rapid growth of schools and institutions of higher learning resulting in a so-called “education explosion." One possible explanation for the education explosion is that education is a profitable personal investment, as evidenced by high private rates of return. The high private returns are translated into demands on politicians for additional schooling spaces. To gain or maintain public favor, each politician uses his influence to try to increase the number of schools in his constituency. By this chain of events, growth of educational systems might be anticipated as long as private rates …

Three Essays On The Economic Costs Of Armed Conflict, Anton Parlow

Theses and Dissertations

This dissertation consists of three essays on the economic cost of armed conflict.

The first essay focuses on the impact of an armed conflict on children's health. The exposure to violence in utero and early in life has adverse impacts on children's age-adjusted height. Using the experience of the Kashmir insurgency, I find that children more affected by the insurgency are 0.9 to 1.4 standard deviations shorter compared with children less affected by the insurgency. The effect is larger for children born during peaks in violence. Also, children affected by the insurgency are more likely to be sick in the …

Impact Of Sectoral Allocation Of Foreign Aid On Gender Equity And Human Development, Léonce Ndikumana

Léonce Ndikumana

While developing countries have made some progress in achieving human development since the turn of the century, many are still lagging behind in important human development goals such as education, health, nutrition and access to clean drinking water and improved sanitation. Moreover, gender equity remains a major challenge in most countries. In this paper, we examine the role that foreign aid plays in generating these outcomes, using panel data from OECD-DAC on the sectoral allocation of development aid, in conjunction with country-level data on public expenditures, human development outcomes and other economic, social and political indicators. Specifically, the paper attempts …

George Brooks: A Personal Reminiscence, David B. Lipsky

David B Lipsky

[Excerpt] In 1961, George joined the faculty of the School of Industrial and Labor Relations (ILR) at Cornell and Sara was appointed to a position in the School's extension division. George hadn't done much college-level teaching when he joined the ILR School faculty. He quickly established himself as one of the School's most popular and influential instructors. George was certainly an engaging and entertaining lecturer, but it was not only his platform skills that made him so popular with students. Cornell students — especially those who were part of the 1960s generation — were drawn to George's unorthodox views on …

Gender Based Differences In Managerial Experience: The Case Of Informal Firms In Rwanda, Mohammad Amin, Khrystyna Kushnir

Mohammad Amin

The paper contributes to the literature on gender-based disparity in human capital by extending existing results on educational attainment to the number of years of experience that female vs. male managers have among informal or unregistered firms. Using the case of Rwanda, results show that the number of years of experience for female managers is significantly lower equaling 80-88 percent of their male counterparts. We also find that this gender disparity is higher among the relatively older managers and among firms in the relatively less developed city of Butare compared with the more developed city of Kigali.

Do Retail Firms Favor Female Managers? Evidence From Survey Data In Developing Countries, Mohammad Amin, Asif Islam

Mohammad Amin

Using firm-level data for 87 developing countries, the paper analyzes how the likelihood of a firm having female vs. male top manager varies across sectors. The service sector is often considered to be more favorable towards women compared with men vis-à-vis the manufacturing sector. While our results confirm a significantly higher presence of female managers in services vs. manufacturing, the result is entirely driven by the retail firms with little contribution from other service sectors such as wholesale, construction and other services. We also find that the higher presence of female managers in the retail sector vs. manufacturing is much …

Effects Of Shoe Donations On Children’S Time Allocation Toms Shoes In El Salvador, Flor Calvo

Master's Theses

What are the impacts of TOMS shoe donations in rural El Salvador? This paper tries to answer the question by studying the changes in time allocation among children age 6 to 12 years in El Salvador. By taking advantage of a Randomized Control Trial performed between January 15, 2012 and February 21, 2013 I study time allocation differences between baseline and follow-up periods among treatment and control groups. The primary findings of the study show that children part of treatment communities reduced the time spent on school related activities by approximately 0.657 hours per day while increasing the time spent …

Game Change: What Have We Learned? Pt. 1, William J. Antholis, Robert E. Lang, William E. Brown, David F. Damore, Helen R. Neill, Bradley S. Wimmer

Brookings Scholar Lecture Series

Who We Are, What We Do, Where Are We Going

Brookings Mountain West is a partnership between UNLV and the Washington, D.C.-based Brookings Institution.

Goals and Objectives

Create high-quality, independent, impactful programs, publications, and activities that address issues of critical importance to greater Las Vegas and the Intermountain West region.

Serve as a platform to bring ideas and expertise together and facilitate local, metropolitan, and state discussions about the West’s future.

Enhance local, regional, and state research and public policy discussions.

Steam...Now!, John Eger

The STEAM Journal

With America slowly awakening to the need to turn out creative and innovative workers who can join the 21^st century (its already 2012) workplace -- because they have the new thinking skills --we have to change the current emphasis on STEM, for Science, Technology, Engineering and Math to STEAM, by insuring that the whole brain is nurtured through the arts: thus STEAM.

Migration And Children's School And Labor: Evidence From El Salvador, Zachary Intemann

Master's Theses

This paper examines the impact of parental migration on schooling outcomes for children left behind in El Salvador. Using cross sectional data collected in 2012, outcomes for children are observed for children with migrant parents. The outcomes are also analyzed by gender of the migrant parent who left his or her child behind. Results are observed using instrumental variable estimations, as well as a seemingly unrelated regression to estimate the impact of migration on a child’s time allocation. Outcomes are also analyzed measuring the impact of remittances. Results show that children with at least one migrant parent will complete more …

The Impact Of Education On Unemployment In Kentucky, Christopher R. Bollinger

Issue Brief on Topics Affecting Kentucky’s Economy

No abstract provided.

A Classical-Marxian Model Of Education, Growth And Distribution, Amitava Dutt, Roberto Veneziani

Roberto Veneziani

This paper develops a classical-Marxian macroeconomic model to examine the growth and distributional consequences of education. First, the role of education in skill formation is considered and it is shown that an expansion in education will promote growth and have beneficial distributional effects within the working class, but it will redistribute income from workers to capitalists. Second, the model is extended analyze the broader political economic consequences of education on class relations and class conflict. The model suggests the importance of a progressive type of education rather than one which weakens the power workers, for it allows for equitable growth …

‘Educating Indonesia’ And The Minister Who’S Making It Happen, Singapore Management University

Perspectives@SMU

Energy and optimism were highlights of the recent speech given by Indonesia’s Trade Minister Gita Wirjawan during the SMU Presidential Distinguished Lecturer Series. While the optimism may be rooted deeply in the potential of Indonesia’s current demographic — more than 30 percent of its population is aged between 19 and 24, and more than 50 percent is under 29, making it one of the youngest productive populations in the world — its economic success story is fact, reflected in its G-20 membership, where it is the second fastest growing economy.Yet much remains to be done to unleash the full potential …

Education Policy And Intergenerational Transfers In Equilibrium, Brant Abbott, Giovanni Gallipoli, Costas Meghir, Giovanni L. Violante

Cowles Foundation Discussion Papers

This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor supply, and consumption/saving decisions. Altruistic parents make inter vivos transfers to their children. Labor supply during college, government grants and loans, as well as private loans, complement parental transfers as sources of funding for college education. We find that the current financial aid system in the U.S. improves welfare, and removing it would reduce GDP by two percentage points in the long-run. Any further relaxation of government-sponsored loan limits would …

Education Policy And Intergenerational Transfers In Equilibrium, Brant Abbott, Giovanni Gallipoli, Costas Meghir, Giovanni L. Violante

Cowles Foundation Discussion Papers

This paper examines the equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life cycle model with education, labor supply, and consumption/saving decisions. Cognitive and non-cognitive skills of children depend on the cognitive skills and education of parents, and affect education choice and labor market outcomes. Driven by both altruism and paternalism, parents make transfers to their children which can be used to fund education, supplementing grants, loans and the labor supply of the children themselves during college. The crowding out of parental transfers by government programs is sizable and thus cannot …

Education Policy And Intergenerational Transfers In Equilibrium, Brant Abbott, Giovanni Gallipoli, Costas Meghir, Giovanni L. Violante

Cowles Foundation Discussion Papers

This paper examines the equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor supply, and consumption/saving decisions. Driven by both altruism and paternalism, parents make inter vivos transfers to their children. Both cognitive and non-cognitive skills determine the non-pecuniary cost of schooling. Labor supply during college, government grants and loans, as well as private loans, complement parental resources as means of funding college education. We find that the current financial aid system in the U.S. improves welfare, and removing it would reduce GDP by 4-5 …

Pearce, John Ed., 1917-2006 (Sc 786), Manuscripts & Folklife Archives

MSS Finding Aids

Finding aid only for Manuscripts Small Collection 786. Photocopy of Louisville Courier-Journal columnist John Ed Pearce’s speech given to the Chamber of
Commerce, Bowling Green, Kentucky on 7 January 1986. He discusses chiefly economic development and public education in Kentucky. Also letter of Pearce
concerning the copy of the speech.

2013-4 A Major In Science? Initial Beliefs And Final Outcomes For College Major And Dropout, Ralph Stinebrickner, Todd R. Stinebrickner

Centre for Human Capital and Productivity. CHCP Working Papers

No abstract provided.

School Quality Capitalization Into Housing Prices In Minnesota And Pennsylvania, Jonathan Taylor Smith

Electronic Theses and Dissertations

This dissertation develops and estimates a spatial autoregressive with autoregressive errors model of housing prices that accounts for both the endogeneity of spatially-lagged housing prices and local school quality measured by performance on state standardized tests. Two datasets are used from Boyertown, PA and Minneapolis, MN. Homes are spatially weighted against each other using a k nearest-neighbor approach. School quality is thought to be endogenous because unobserved neighborhood amenities in the error term of a hedonic regression are very likely positively correlated with local elementary, middle, and high school quality. Following previous literature, the optimal instrument matrix is constructed as …

Ties That Bind: A Network Perspective On University Spinouts, Patrick Mchugh

2013

Research universities execute technology transfer initiatives to transition university inventions to marketplace innovations. This process requires ties to bridge the gap between two disparate networks: a university's research community and a licensing corporate entity. One type of licensing corporate entity, and the focus of this research, is a newly formed university spinout. Utilizing a network lens, this study focuses on the ties between university inventors and spinout licensees and on the impact of various inter-organizational relationships on a spinout's success. This thesis investigates the following research questions: 1. How, if at all, does variation in the nature of the tie …

A Second Look At Enrollment Changes After The Kalamazoo Promise, Brad Hershbein

Brad J. Hershbein

While previous research has documented how the Kalamazoo Promise, the most prominent and generous place-based college scholarship program, increased enrollment in Kalamazoo Public Schools, this paper qualifies and quantifies the characteristics of students who were induced to enter—or stay—in the district. In particular, it analyzes the origins and destinations, socioeconomic composition, and school-level sorting behavior associated with student flows around the time of the Promise announcement. These dimensions are more subtle than changes in the volume of students or measures of their individual success, but they are equally important to understand for communities exploring the feasibility of place-based scholarships as …

Human Capital And Poverty In Pakistan: Evidence From The Punjab Province, Sharafat Ali, Najid Ahmad

Sharafat Ali

No abstract provided.

Una Evaluación De Los Factores Que Estimulan El Patentamiento Regional En México, Vicente German-Soto, Luis Gutiérrez Flores

Vicente German-Soto