In this new policy report, the fourth in a series examining the impact of human capital in the American labor market from the Educational Testing Service (ETS) Center for Research on Human Capital Education, the authors take a unique perspective on the critical link between human capital and labor market outcomes by expanding the analysis to…

We investigate whether excessively optimistic beliefs play a role in the persistent demand for doctoral and postdoctoral training in science. We elicit the beliefs and career preferences of doctoral students through a novel survey and randomize the provision of structured information on the true state of the academic market and information through…

Significant variations in educational attainment and labour market outcomes exist not only across OECD countries but also within them. Some regions concentrate the human capital of a country. In particular, many countries' capital regions stand out for their high share of tertiary-educated people. However, overall employment prospects are often…

These Key Indicators on Education, Skills and Employment (KIESE) are a collection of statistics that are part of a broader set of indicators proposed by the ETF to enable an assessment of developments in the field of human capital in the partner countries. They include data on education, initial vocational education and training, lifelong…

These Key Indicators on Education, Skills and Employment (KIESE) are a collection of statistics that are part of a broader set of indicators proposed by the European Training Foundation (ETF) to enable an assessment of developments in the field of human capital in the partner countries. They include data on vocational education and training (VET),…

The Great Recession was one of the sharpest economic downturns of the past century, with significant impacts across the U.S. labor market. Over past decades, one key feature of the U.S. labor market has been the high and stable returns to education. In this paper I estimate the returns to education for large samples of young workers in Arkansas…

The impending retirement of the baby boom cohort could pose dramatic challenges for the U.S. labor force for at least two reasons. First, the boomers--adults born between 1946 and 1964--are large in number. Second, boomers are relatively well educated. In this report we develop and analyze occupational and labor force projections to the year 2018,…

The Obama Administration has helped articulate the important role community colleges play in educating the nation's workforce and boosting the economy. With a large share of projected job openings requiring college education of less than a bachelor's degree and offering family-supporting wages, the nation's community colleges can make a huge…

The Obama Administration has once again demonstrated the important role community colleges play in educating the nation's workforce and boosting the nation's economy with its recently proposed Community College to Career Fund. This $8 billion fund is aimed at forging partnerships between colleges and businesses to train workers for good-paying…

Gender equality is not just about economic empowerment. It is a moral imperative, it is about fairness and equity, and includes many political, social and cultural dimensions. Gender equality, however, is also a key factor in self-reported well-being and happiness across the world. In the aftermath of the Great Recession, there is now an urgent…

Despite significant increases in spending on child care and education during the last decade, PISA scores suggest that educational performance remains static, uneven and strongly related to parents' income and background. Better educational performance could improve labour market outcomes, raise growth, lower the consequences of a disadvantaged…

The Commonwealth of Virginia, as with other states, operates a panoply of programs whose objectives, either directly or indirectly, are to develop the state's workforce. Some programs enhance the skills of Virginians through training or formal education; whereas other programs, such as the Employment Service, attempt to facilitate the employment…

This paper examines the effects of expansions in higher educational institutions and the medical service industry on the economic development of a metropolitan area. This examination pulls together previous research and provides some new empirical evidence. We provide quantitative evidence of the magnitude of economic effects of higher education…

A comparison of the Israel labor market between 1974 and 1983 found that both higher wages and age-earnings profiles were related to higher education levels. For higher education levels, the age-earnings profile presents steeper parabolic shapes. An earnings peak for higher educational levels at later ages was found only for 1974. Technological…

Provides cross-country estimates on private rates of return to higher-education qualifications across various transitional economies spanning Central and Eastern Europe, Russia, and the former Soviet Union. Rates tend to rise in most transitional economies over the period considered. Rate variabilities help explain variabilities in wage…