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Discussion Section with Kevin Murphy, Featuring Derek Neal
Kevin Murphy talks with Derek Neal, The William C. Norby Professor in Economics, about education policy and the economics of public investment in education.
Discussion Section 101: Names, Faces, And Ideas
Public Investment In Education, Part 1
Public Investment In Education, Part 2
Public Investment In Education, Part 3
Public Investment In Education, Part 4
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Spillover Impacts on Education from Employment Guarantees and Educational Investment Responses to Economic Opportunity: Evidence from Indian Road Construction
For most young people and their parents who live in high-income countries, the decision to attend school is an easy one. School is universally available and free through high school, schooling is mandatory through the age of 16, and most jobs require at least a high school degree. Dropping out of school all but ensures a lifetime of relatively low income.
Topics: Early Childhood Education, Economic Mobility & Poverty, Employment & Wages, Health care, K-12 Education
IQ, Expectations, and Choice and Human Frictions in the Transmission of Economic Policy
In the months and years following the Financial Crisis and Great Recession of 2007-09, the Federal Reserve and the European Central Bank engaged in a number of unconventional policy measures meant to forestall a further drop in economic activity and, ultimately, to ignite economic growth. One of those measures, forward guidance, was intended to stimulate current consumption by informing the public that interest rates would be kept inordinately low for an extended period and hence increasing their inflation expectations.
Topics: Monetary Policy, Financial Markets, K-12 Education, Higher Education & Workforce Training