Labor-market returns to two-and four-year college

Article Abstract:

The labor-market payoffs to community-college education was evaluated by examining data from the National Longitudinal Survey of the High School Class of 1972 (NLS-72). NLS-72 indicated that income of persons with a two-year college education were 10% higher than those without a college education. Data from the Current Population Survey also indicate that men and women with college education have a wage or annual earnings differential of 4%-7% for men and 7%-10% for women.

College students

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Measuring labor's share

Article Abstract:

A study was conducted to analyze concerns that arise in determining the fraction of national income accruing to labor and examine alternative ideas and company data from the standard Bureau of Economic Analysis series. The impact of practices utilized to construct national accounts on labor's shares was examined. Results indicated that there would be value from enhancing the measurement of labor's share and developing alternative categories for functional shares.

Analysis, National income

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Estimates of the economic return to schooling for the United Kingdom

Article Abstract:

The rate of returns to schooling for men in a standard human-capital model is estimated. A large sample from the UK is used in the study to consider the endogeneity of schooling. An instrumental variables approach, which relies on natural variations in data resulting from exogenous influences on the schooling decision, is used. Results suggest a very significant bias in ordinary least-squares. The rate of return to schooling is estimated at 16%.

United Kingdom, Schools

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