Australian graduate premium
24 Jan 2022 Leave a comment
in economics of education, economics of information, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: Australia, graduate premium
.@Bryan_Caplan’s best presentation of the case against education
18 Mar 2020 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of education, economics of information, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics, Public Choice, public economics, rentseeking, survivor principle Tags: adverse selection, asymmetric information, College premium, graduate premium, screening, self-selection, signaling
No rug rat race in Canada, building after-school resumes for elite college admission. Few study outside their own province.
26 Feb 2020 Leave a comment
in discrimination, economics of education, economics of love and marriage, gender, human capital, labour economics, labour supply, occupational choice Tags: College premium, graduate premium
Does driving drive the gender wage gap for professional women? @women_nz
26 Feb 2020 Leave a comment
in discrimination, economics of education, economics of love and marriage, gender, human capital, labour economics, labour supply, occupational choice, transport economics Tags: College premium, gender wage gap, graduate premium
Why so many jobs now require a college degree | reTHINK TANK
17 Feb 2020 Leave a comment
in economics of education, economics of information, human capital, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics Tags: adverse selection, asymmetric information, graduate premium, signaling
Teenagers respond in sophisticated ways to long-term incentives
18 Nov 2019 Leave a comment
in applied price theory, economics of education, economics of information, human capital, labour economics, labour supply, occupational choice Tags: College premium, graduate premium
Graduates grumble about paying 25% of the price of the keys to heaven
01 May 2017 Leave a comment
in economics of education, politics - New Zealand Tags: College premium, crybaby left, graduate premium
Source: A Degree is a smart investment | Universities New Zealand – Te Pōkai Tara and Student Loan Scheme Annual Report 2016 | Education Counts
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Forward looking behaviour and occupational segregation
28 Apr 2017 Leave a comment
in discrimination, economics of education, gender, human capital, labour economics, labour supply, occupational choice Tags: college major, College premium, gender wage gap, graduate premium, reversing gender gap
Rosen (2004) suggests that the engineering market responds strongly to economic forces. The demand for engineers responds to the price of engineering services and demand shocks such as recessions and defence cuts. Supply and enrolment decisions are remarkably sensitive to career prospects in engineering. Students also appear to use some forward-looking elements to forecast demand for engineers. Many students also change their majors in light on more information on whether the like their current choices and other news (Bettinger 2010).
This evidence of students use forward-looking elements to forecasting the occupational demand for human capital suggests that better information may improve these choices. The government has made a distributional judgment to expand the choices open to women. The growing evidence of relatively accurate forward looking decisions making by students suggests that they will respond to additional information on prospects in different careers.
In addition, earnings from some occupations are also more uncertain than others. The STEM occupations are an example where shortages and, in particular, surpluses are more common because durable goods industries bear the bulk of business cycle risk. There is also the political unpredictability of defence and R&D spending. Women seem to prefer jobs that are more secure. Some occupations have higher risks of injury than others. Fewer parents, and both single fathers and single mothers, in particular, enter these more injury prone occupations.
These gender-based preferences about hazards and uncertainties will lead to fewer women entering occupations that are more injury prone or more at risk to recessions and industry-specific downturns. Occupational segregation will still persist in the labour market in the relative absence of either discrimination or a gendered division of labour and household effort.
More on those student loan cry babies
07 Apr 2017 Leave a comment
in economics of education, politics - New Zealand Tags: College premium, graduate premium, student loans
Do graduates graduate into mountains of debt in New Zealand?
01 Apr 2017 Leave a comment
in economics of education, politics - New Zealand Tags: College premium, crybaby left, graduate premium
Source: Statistics New Zealand IDI and Ministry of Education Student Loans Integrated, Table 9, chapter 3.1, page 27 of the Student Loan Scheme Annual Report 2016.
Utopia, you are standing in it! 
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