Vietnam's economy and education system have had remarkable success in recent decades, yet there are concerns about the declining returns to higher education since 2008. We document this decline in returns to higher education and propose four hypotheses to explain it. Analysis of the VLSS/VHLSS and LFS data provides little evidence for three of…

The economy's need for workers originates in the demand for the goods and services that these workers provide. So, to project employment, BLS starts by estimating the components of gross domestic product (GDP) for 2020. GDP is the value of the final goods produced and services provided in the United States. Then, BLS estimates the size--in…

The U.S. economy today has been in recovery since 2009. But nearly everyone agrees that the recovery is anemic--too slow to reduce the high level of unemployment. Real Gross Domestic Product (GDP)--the total value of all the goods and services produced in the United States--increased at an annual rate of 2.8 percent in the fourth quarter of 2010.…

June 2009 is seen by many as the end of the Great Recession. Strong growth in GDP following massive monetary and fiscal responses to the collapse in housing and financial markets meant that the economy was on the mend. Yet a year later, 1.1 million "fewer" people are working, and the unemployment rate is stuck at 9.5%. Worse still, more than one…

Since U.S. economic growth began to slow in 2006, both the Bush and Obama Administrations have enacted a number of fairly costly programs designed to stimulate the economy and employment growth. Because many of these programs are fairly new, there has been little comprehensive examination of their impacts, but initial analysis suggests that these…

California's degree gap is a growing concern. According to recent reports and news articles comparing the number of degrees awarded with the jobs expected in the coming decade, California will not have enough university graduates to meet the needs of the labor market. Previous work by the California Postsecondary Education Commission (CPEC) showed…

In section two of a 2002 amendment on the Undergraduate Science, Mathematics, Engineering, and Technology Education Improvement Act, congress stated "A workforce that is highly trained in science...is crucial to generating the innovation that drives economic growth..." (Committee on Science, 2002). Given the growth in science,…

The nation's recuperation from the Great Recession remains sluggish, with high unemployment and a weak housing market continuing to squelch hopes that a full economic recovery will soon be at hand. The intensity and nature of the recession's lingering effects vary considerably across the country, however. Some metro areas, like Austin and…

An extensive body of research indicates a significant correlation between gender equality and the level of economic and social development of a country. Gender inequities have been found to influence the way members of the family spend their time and resources. Evidence suggests that women with more control over resources will spend more money on…

The Great Recession left a crater in the labor market that has been devastating for unemployed Americans of all ages. After more than two years of unemployment at well over 8%, there is a hole of more than 11 million jobs, with average spells of unemployment lasting nearly nine months. The weak labor market has been particularly tough on young…

Compiling data from several government surveys, this article identifies key social indicators of economic security associated with nonstandard employment in Japan. Empirical trends of nonstandard employment are contextualized in the development of Japanese coordinated capitalism from the economic boom during the 1960s through the recession of the…

Ireland has experienced an unprecedented level of economic growth since the mid-1990s. The present article assesses the extent to which this phenomenon has altered the level and nature of youth unemployment, using data from six waves of a nationally representative survey of school-leavers. The main impact of the "Celtic Tiger" has been…

In India's beleaguered higher-education system, the Indian Institutes of Technology (IIT) stand apart. The seven institutions have turned out some of the world's finest engineers and computer scientists, eagerly recruited by top graduate schools in the United States. Many of the institutes' graduates have gone on to become the chief executives of…

This article reports the finding of a study entitled, "Where the Engineers Are," conducted by a group of researchers at Duke University, which was published in the spring issue of Issues in Science and Technology and is a follow-up to a 2005 study. This new report on the number and quality of graduate engineering degrees conferred in…

It will take years for the labor market to recover from the damage induced by the recent recession. While monthly job losses almost surely peaked in 2009, the unemployment rate will likely peak in 2010 (CBO 2010a). In April, the unemployment rate reached 9.9% and the overall economic cause is simple: firms are not hiring quickly enough, as…