The entrepreneurial alertness of the Apollo 11 astronauts
22 Jun 2015 Leave a comment
in economic history, economics of media and culture, entrepreneurship, health and safety, labour economics, labour supply, occupational choice Tags: adverse selection, Apollo 11, economics of insurance, entrepreneurial alertness, moon landings, space
More on the college premium and economic mobility
22 Jun 2015 Leave a comment
in economics of education, human capital, labour economics, labour supply, occupational choice Tags: College premium, economic mobility, education premium, graduate premium
"…most powerful instrument of economic mobility for low-income ppl is 4 yr college degree." nyti.ms/1ji4fTl http://t.co/94xbbJW4Ny—
Equitable Growth (@equitablegrowth) May 15, 2014
What happened to black family formation in the 1970s?
22 Jun 2015 Leave a comment
in economics of love and marriage, labour economics, labour supply, law and economics, occupational choice Tags: child poverty, economics of the family, family poverty, single mothers, single parents
The War On Poverty has been a disaster for black kids. 2x kids living with unmarried mom. bit.ly/1alPWKB http://t.co/Cwi4C5NtHz—
Old Whig (@aClassicLiberal) April 12, 2015
Proportion of births out of wedlock, 2011, Anglo-Saxon countries
20 Jun 2015 Leave a comment
in gender, labour economics, labour supply, occupational choice, politics - Australia, politics - New Zealand, politics - USA, population economics Tags: economics of fertility, economics of the family, single mothers, single parents
Figure 1: Proportion of births out of wedlock, 2011, Anglo-Saxon countries
Source: OECD family database; no data for Ireland.
Why Do People Become Islamic Extremists?
19 Jun 2015 Leave a comment
in labour economics, occupational choice Tags: economics of identity, war against terror
The rise and rise of educational attainment
18 Jun 2015 Leave a comment
in economics of education, human capital, labour economics, labour supply, occupational choice Tags: educational attainment
Average years of schooling in US over time. Rise slowed in the 1970s. brook.gs/14C4Kmo http://t.co/abs2A8BvAx—
Richard V. Reeves (@RichardvReeves) January 09, 2015
The costs of teacher tenure in the USA
18 Jun 2015 Leave a comment
in economics of education, labour economics, labour supply, law and economics, managerial economics, occupational choice, organisational economics, personnel economics, rentseeking, unions Tags: employment protection laws
Education and single motherhood
18 Jun 2015 Leave a comment
in economics of education, gender, labour economics, labour supply, occupational choice, politics - Australia, politics - New Zealand, politics - USA, welfare reform Tags: single mothers
There's a clear increase in single-parent households for parents who haven’t gone to college: on.wsj.com/1B1Xeuq http://t.co/eW2fH8bX5O—
Real Time Economics (@WSJecon) May 17, 2015
% of workers working more than 50 hours per week across OECD
18 Jun 2015 1 Comment
in labour economics, labour supply, occupational choice Tags: compensating differentials, taxation and the labour supply
Figure 1: % of workers working more than 50 hours per week, OECD, 2013
Source: OECD Better Life Index 2015.
Every 20 years we worry about losing jobs to technology
17 Jun 2015 Leave a comment
in economics of education, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, Public Choice, rentseeking, survivor principle Tags: antimarket bias, creative distraction, expressive voting, make-work bias, rational ignorance, rational irrationality, technological unemployment
Every 20 years we worry about losing jobs to tech. books.google.com/ngrams/graph?c… http://t.co/KW47Iwzsp9—
James Bessen (@JamesBessen) August 10, 2014
The education premium has immediate effects
17 Jun 2015 Leave a comment
in economics of education, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: College premium, education premium, graduate premium, high school dropouts
http://t.co/t1Pym23Wgv—
EPI Chart Bot (@epichartbot) May 27, 2015
Gender differences in PISA scores, 2012, UK, USA, New Zealand and Australia
16 Jun 2015 Leave a comment
in economics of education, human capital, labour economics, occupational choice, politics - Australia, politics - New Zealand, politics - USA Tags: economics of personality traits, gender gap, PISA, reversing gender gap
Boys’ dominance just about endures in maths: at age 15 they are, on average, the equivalent of three months’ schooling ahead of girls. In science the results are fairly even.
But in reading, where girls have been ahead for some time, a gulf has appeared. In all 64 countries and economies in the study, girls outperform boys. The average gap is equivalent to an extra year of schooling.
Figure 1: : Gender differences (boys – girls) in student performance in reading, mathematics and science in PISA 2012
Source: OECD family database.
The reverse gender tertiary education gap for ages 25–34, Anglo-Saxon countries
14 Jun 2015 Leave a comment
in discrimination, economics of education, gender, human capital, labour economics, labour supply, occupational choice, politics - Australia, politics - New Zealand, politics - USA Tags: Australia, British economy, Canada, College premium, education premium, gender wage gap, Ireland
Figure 1: % population who have attained at least tertiary education, age 25 – 34 by gender (2012)
Source: OECD family database.
Figure 2 shows that the stark reversing of the gender gap in educational attainment shown in figure 1 was somewhat more recent in the US, UK and to a lesser extent in Ireland and Australia. In the UK and USA, educational attainment by gender was pretty equal for the earlier generation of graduates as compared to today’s 25 to 34-year-olds. The reversing of the gender gap in educational attainment dates back several decades in Canada and New Zealand.
Figure 2: % population who have attained at least tertiary education, age 45 – 54 by gender (2012)
Source: OECD family database.
Another rather stunning illustration of the size of the graduate premium in the USA
14 Jun 2015 Leave a comment
in economics of education, human capital, labour economics, occupational choice, politics - USA Tags: College premium, education premium, graduate premium
Gender wage gaps for tertiary educated and high school educated full-time workers in Anglo-Saxon countries
13 Jun 2015 Leave a comment
in discrimination, gender, human capital, labour economics, labour supply, occupational choice, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality Tags: asymmetric marriage premium, Australia, British economy, Canada, gender wage gap, Ireland, labour demographics, maternal labour supply
In another blow for the inherent inequality of bargaining power between workers and employers, and for the patriarchy, the wage gap is larger for tertiary educated female full-time workers aged 35-44 than it is for female full-time workers who just finished high school.
Figure 1: gender wage gap for mean full-time, full-year earnings for tertiary educated workers aged 35 – 44, 2012
Source: OECD family database.
To add insult to injury, the gender wage gap further tertiary educated female workers is quite large in the USA but quite small for high school graduates.
Figure 2: gender wage gap for mean full-time, full-year earnings for below upper secondary educated workers aged 35 – 44, 2012
Source: OECD family database.
Canada seems to be a bit of a patriarchal hellhole while New Zealand does pretty well in gender wage gaps.
The gender gap in figure 1 and in figure 2 are unadjusted and calculated as the difference between mean average annual full-time, full-year earnings of men and of women as a percentage of men’s earnings.
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