Job Market Monitor
Higher Education
Federal Funding in US – For higher education, annual total exceeds $150 billion vs $1 billion for a non-college, vocational pathway
Consider two high school seniors — one who exhibits strong academic talent and one who does not… To whom does our education system owe what? After high school graduation, the first student can access more than $10,000 annually in public funds to support his college experience. Federal funding for higher education has grown by 133 … Continue reading
Higher Education and Women in US – More likely than men to have earned a bachelor’s degree by age 31
Nearly 36 percent of women born in the years 1980–84 had earned a bachelor’s degree by age 31, compared with 28 percent of men. Among both women and men, 38 percent had attended some college or earned an associate degree by age 31. Twenty-four percent had earned a high school diploma or General Educational Development … Continue reading
Higher Education – The cost of a unit of instruction differs markedly by discipline
A new IZA discussion paper by Steven Hemelt, Kevin Stange, Fernando Furquim, Andew Simon, and John Sawyer provides the most comprehensive overview of the costs associated with teaching across 20 fields based on a large and diverse sample of four-year colleges and universities from the Delaware Cost Study. The results show that the cost of a … Continue reading
Credential Chaos in US – 308,942 credentials are adding to the confusion created by the different types of credentials
In the 1950s and 1960s, skilled workers, whether factory workers, white-collar employees, or managers and salaried professionals, tended to work for the same rm for many years—often their entire careers.1 In the words of economist Paul Osterman, “The typical American worker averaged the same number of years at their employer as did the average Japanese … Continue reading
Higher Education in US – A blueprint for better information
Accurate and complete data can empower college choices, promote student success, and inform federal, state and institutional policies. Yet existing postsecondary student data systems are disconnected, duplicative and incomplete. A Blueprint for Better Information: Recommendations for a Federal Postsecondary Student-Level Data Network underscores the need for a coordinated and comprehensive network that leverages data from … Continue reading
Tertiary-Educated Workers – Older ones experience a greater earnings advantage
How does the earnings advantage of tertiary-educated workers evolve across generations? • The earnings advantage of tertiary-educated workers is highest in countries where a low share of adults have completed tertiary education, such as Brazil, Costa Rica, Colombia and Mexico. • Tertiary-educated 55-64 year-olds have a higher earnings advantage than tertiary- educated 25-34 year-olds due … Continue reading
Higher Education and Earnings – Studying the same subject at a different institution can yield a very different premium
Each year more than 350,000 students start Higher Education (HE) degrees in England at a total cost of around £17 billion paid by graduates in repayments on student loans and the taxpayer (Belfield et al., 2017). This represents a significant investment and has the potential to have considerable implications for the students’ later-life outcomes. Students … Continue reading
Soft Skills Development in Europe – Different methodologies and approaches
Pushed by current socio-economic projections, a rising number of governments and international institutions are trying to bring closer the world of education and training and the world of work: graduates’ employability, innovation and entrepreneurship, ICT use in tertiary education, are just some of the topics on this agenda. The level of youth unemployment across the … Continue reading
Education in Europe – 39.9% of 30-34-year-olds have completed tertiary education and 10.6% of 18-24-year-olds out of education and training in 2017
Today, Eurostat, the statistical office of the European Union, publishes the most recent data for the EU and its Member States on achievement against the two Europe 2020 education headline targets. One of Europe 2020 strategy’s targets is that at least 40% of 30-34-year-olds in the EU should have completed tertiary education by 2020. This … Continue reading
Non-cognitive skills – Much more associated with graduates’ occupational status, especially with managerial occupations, than cognitive skills
While the effect of education and experience on labour market outcomes has been widely studied, the literature that analyses the influence of human capital competencies (talents, skills, and capabilities) is still relatively scarce. Using cross-sectional data from the REFLEX Project, we investigate the effect of personal competencies (both cognitive and non-cognitive) on two labour market … Continue reading
Social Sciences and Humanities Grads in Canada – Many face challenging career transitions
Thousands of students graduate from Canadian post-secondary institutions each year with an undergraduate degree in the social sciences or humanities (SSH). While most go on to a wide range of rewarding careers, many face challenging career transitions as they struggle to define their career paths and expectations and establish themselves in the labour market. These transition-related … Continue reading
Post-Secondary Education Gap in British Columbia – Forgoing up to $7.9 billion in GDP and over $1.8 billion in lost tax revenues annually
British Columbia’s economy is forgoing up to $7.9 billion in GDP and over $1.8 billion in lost tax revenues annually, because too few people have the education and skills needed to help businesses innovate and grow. • Reliance on workers with post-secondary education (PSE) has grown in recent decades. In 1991–92, the share of jobs … Continue reading
Students Grants – Within 10 years, imputed taxes fully recoup total government expenditures research
We estimate the effect of grant aid on poor college students’ attainment and earnings using student-level administrative data from four-year public colleges in Texas. To identify these effects, we exploit a discontinuity in grant generosity as a function of family income. Eligibility for the maximum Pell Grant significantly increases degree receipt and earnings beginning four … Continue reading
Higher Ed in US – Low-income undergraduates are most likely to attend the schools with the least resources and worst outcomes
As higher education researcher Kelly Rosinger writes in this paper, the Equality of Opportunity Project’s Mobility Report Card data “provide the clearest picture we have to date of the role that colleges play in access, success, and upward mobility.” There’s some very good news in the Mobility Report Cards study. First and foremost, there are … Continue reading
Canadian Alliance of Student Associations – Improved labour market indicators for youth and student employment
Increasingly, Canadian students are facing difficult decisions regarding their career paths and finding gainful employment after graduation. Proper data is needed for students to make informed career decisions, and it is also essential to facilitate evidence-based employment policy at all levels of government. Despite the difficulties youth and students have continued to face in securing … Continue reading
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