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…

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 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…

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…

Is the United States getting it wrong when it comes to educating tomorrow's innovators in critical fields? It has been known for years that the only way to compete globally in information technology, engineering, nanotechnology, robotics and other fields is to give students the best educational opportunities possible. But do individuals have a…