7 votes

Why is everyone suggested to specialize their education?

Note: I did not vote down on this question, and it is not clear why anyone would do so. Why is so common to suggest university students to specialize in order to get a better paid job? Because ...
Iñaki Viggers's user avatar
5 votes
Accepted

Does mathematical education imply a better salary?

Math is easier if you are smarter. As such, math education is a costly and therefore credible signal of general intelligence. Below are two experiments that try to get around this selection issue by ...
BKay's user avatar
  • 16.3k
4 votes

Have there been attempts to measure the value of specific taught skills?

Have there been any empirical attempts to estimate the value of being taught specific skills - for example, phonics or solving algebraic equations? If I may be brazen enough to challenge the basis of ...
EconJohn's user avatar
  • 8,305
4 votes

What is the economical advantage coming from the ability to speak English?

One of the best ways to study the benefit of speaking English, at least within an English speaking country, is by looking at the wage discrimination literature. Some, but not all, of wage ...
Kitsune Cavalry's user avatar
  • 6,608
4 votes
Accepted

How is potential experience usually measured in the Mincer equation?

True that, in principle, we can approximate potential experience by age - schooling and that this is bound to depend on the assumptions made on entry into the labor market. For the US, it seems to me ...
Papayapap's user avatar
  • 1,833
4 votes
Accepted

White Flight from Asian Immigration: Evidence from California Public Schools - is the methodology robust?

is the methodology robust? They used panel fixed effects to control for unobservable and IV for potential reverse causality, which is decent methodology for their research question. They follow ...
1muflon1's user avatar
  • 55.5k
4 votes

Why does Thomas Sowell say that "teacher's unions keep schools lousy"?

Let me answer @Michael Greinecker's nicely rephrased question: "Do teachers' unions have a negative impact on the quality of education?" There is a whole literature debating this question ...
emeryville's user avatar
  • 6,935
3 votes
Accepted

Market Power in microeconomic theory

In competition policy (part of microeconomics), market power is often defined as the ability of a firm to raise and maintain prices above the levels that would prevail under competitive conditions (...
Henry's user avatar
  • 4,755
3 votes

Using another person's guess as an IV

There's no magic. What you have to realize is that the result is conditional on the validity of the assumptions: A) Under the assumption that there is measurement error, then yes, the average of two ...
Fix.B.'s user avatar
  • 2,648
3 votes

How to measure quality of education across countries?

A good reference is the Barro-Lee Dataset wich gives educational attainment for 146 countries from 1960 to 2010. The data are disaggregated by sex and by 5-year age intervals. Their estimates of ...
emeryville's user avatar
  • 6,935
3 votes
Accepted

Does education have any value for most people's work?

Yes, this debate actually exists in economics. There are two main arguments why education increases wages: Theory of Human Capital: This is theory that posits that education is an investment that is ...
1muflon1's user avatar
  • 55.5k
3 votes

Is egyptology a pyramid scheme: Self-perpetuating university programs

Partial and tangential answer, but no other answers so far, so here goes: For the first part of the definition (people who complete the university program do not find placement in the field), data ...
Sander Heinsalu's user avatar
3 votes
Accepted

Did online learning affect the returns to education?

There is a working paper by Emily Oster et al. (2022), Pandemic Schooling Mode and Student Test Scores: Evidence from U.S. School Districts. I guess you can find additional references in the paper's ...
Tony's user avatar
  • 1,262
3 votes

White Flight from Asian Immigration: Evidence from California Public Schools - is the methodology robust?

Here's an analysis of that paper... Link to Marginal Revolution blog. A quote... However, I don’t think the headline result in this paper is particularly credible. First, there isn’t a well-...
H2ONaCl's user avatar
  • 943
3 votes

Why does Thomas Sowell say that "teacher's unions keep schools lousy"?

Unions are organizations that represent and try to maximize welfare of the workers covered by union, not welfare of society, consumers or non-union workers. There are situations where unions, like the ...
1muflon1's user avatar
  • 55.5k
2 votes
Accepted

Using another person's guess as an IV

Instruments are used as a replacement for an independent variable if we think that independent variable is endogenous. That means, we think it may be correlated with our error term. So in the case of ...
Kitsune Cavalry's user avatar
  • 6,608
2 votes

Global Education Indicators - dataset

kaggle.com actually has a dataset that fits what you are looking for. The data set is called "Education Statistics". From the preview of the data, it seems like you cant do much with it, however you ...
EconJohn's user avatar
  • 8,305
2 votes

Global Education Indicators - dataset

You can use the PISA study from OECD. It evaluates the skills and knowledge in reading, mathematics and sciene of 15-year-old students. PISA does not combine these results, but commentators do so ...
M3003's user avatar
  • 31
2 votes
Accepted

Is there any work on equality in a market versus friction?

The key theoretical work, at least in the area of education, comes from Milton Friedman and his "Theory of School Choice". Important references are: Friedman, M. (1962), The Role of ...
luchonacho's user avatar
  • 8,591
2 votes

Rationale behind teaching History in University

To understand why some countries are rich and others are not, we need to understand what happened to each of them in the past. How and why they developed depends to a large extent on events that took ...
Fitzroy Hogsflesh's user avatar
2 votes
Accepted

References on Economics of Vouchers

An overview of vouchers that is a bit outdated but a good place to start building an understanding of past work: http://www.nber.org/papers/w7092 On school vouchers: https://www.aeaweb.org/...
123's user avatar
  • 2,911
2 votes

Education Spending Ratio

My work focuses on the Economics of Education, although from a more micro perspective. I can honestly say it's a complicated question and there are many people working on optimal education spending. ...
Pedro Cavalcante's user avatar
2 votes
Accepted

What is the economical advantage coming from the ability to speak English?

I think this new paper might be of interest to you. The authors estimate the earnings advantage of workers that speak a second language, differentiating between native-born and foreign-born speakers. ...
luchonacho's user avatar
  • 8,591
2 votes

Is there a pull of skilled workforce from rural to urban areas?

It somewhat depends what you mean by that. The process is more complicated with migrants to cities also acquiring skills/education there, e.g. Another important piece of work related to education-...
Dolphin 613 Motorboat's user avatar
2 votes

Did online learning affect the returns to education?

There have been several studies and reports that have examined the impact of online learning during the pandemic on the returns to university education. One such study is "The Impact of COVID-19 ...
David Grover's user avatar
2 votes

measuring the effect of attending a private school on the return to education

If you only have cross-sectional data and no data on wages of these students then it is sensible to exclude them from your dataset. Usually it is not recommended to drop observations from data as you ...
csilvia's user avatar
  • 2,739
2 votes
Accepted

measuring the effect of attending a private school on the return to education

The best approach here will depend on the contents of your sample. If the sample includes individuals of all ages, or at least a good range of ages, then my suggestion would be to exclude all ...
Adam Bailey's user avatar
  • 8,346
1 vote

Does it make economic sense for only some universities in a certain area to pay their sports scholars?

I mean, even in the US, the ability of a school to offer sports scholarships is determined by what athletic conference(/division) they belong to: Division III schools are forbidden from offering ...
AndrewC's user avatar
  • 1,370
1 vote

Education Spending Ratio

As a richer country, with higher GDP, France simply spends more and for more years in education, which yields higher results. Using your source, which can display the expenditure in % of GDP or in ...
JoaoBotelho's user avatar
  • 2,145

Only top scored, non community-wiki answers of a minimum length are eligible