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Insights / Research BriefOct 28, 2021

The Returns to College(s): Relative Value-Added and Match Effects in Higher Education

Jack Mountjoy, Brent R. Hickman
Of the many decisions facing high school students—and their parents—few loom larger than whether and where to attend college. Families with college-bound children often go to great lengths to ensure admission into a “good” school. But do colleges with successful graduates actually contribute to their students’ success, or simply enroll the types of students who would do well no matter where they attend?
Topics:  Higher Education & Workforce Training
Insights / Podcast episodeMay 19, 2021

College Sports: Show Me The Money

Eduardo Porter, Tess Vigeland, Matthew J. Notowidigdo, Michael McCann
Division I schools make billions off athletic programs, with close to two-thirds coming from men’s...
Topics:  Employment & Wages, Higher Education & Workforce Training
Insights / Podcast episodeFeb 11, 2021

When Good Debt Goes Bad

Eduardo Porter, Tess Vigeland, Seth Frotman, Constantine Yannelis
Nationally, student loan debt is at crisis level. The share of students behind on loan payments...
Topics:  Higher Education & Workforce Training
Insights / Interactive Chart

See How Student Loan Debt Forgiveness Plans Differ

Select a plan to compare policy options and their impact on income decile and ethnicity.
Topics:  Higher Education & Workforce Training
Insights / Research BriefDec 07, 2020

The Distributional Effects of Student Loan Forgiveness

Throughout the 2020 US presidential campaign, increasing attention was paid to the staggering amount of student loan debt carried by current and former students, which reached $1.6 trillion. That number continues to rise, along with calls for the new administration to deliver some form of student loan forgiveness. At a time when many individuals, especially those with low to moderate incomes, are struggling during a pandemic-induced recession, student debt forgiveness is viewed as both fair to individuals and important for economic growth.
Topics:  Higher Education & Workforce Training
Insights / Research BriefFeb 06, 2019

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
Insights / Research BriefJul 01, 2018

Divergent Paths: A New Perspective on Earnings Differences Between Black and White Men Since 1940

Kerwin Kofi Charles
In 1940, the median black man’s earnings would have placed him at the 24th percentile of the earnings distribution for white men. In an era of Jim Crow, with segregated schools and job discrimination, such a low number is perhaps unsurprising. However, in 1970, after years of laws and court rulings designed to end such practices, and after blacks migrated North to explore opportunities in cities supposedly more hospitable, that ranking had actually worsened. In 2014, with decades of anti-discrimination rulings in place, that number has barely improved, as the median black man’s earnings would place him at the 27th percentile of white men.
Topics:  Economic Mobility & Poverty, Employment & Wages, Higher Education & Workforce Training