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 ...
- 1,745
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 ...
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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 ...
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4
votes
Due to rising costs of college tuition, is it likely that the future will have less universities and the remaining only for those of much wealth?
Hemelt and Marcotte wrote a paper studying the effect of rising costs on enrollment, and as it turns out, students who choose to pursue degrees have very inelastic demand; people are still going to ...
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4
votes
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Is education a part of the U.S. exports component of GDP?
Education is indeed in exports according to the US Government's Trade.gov website:
Trade in Services:
The U.S. Bureau of Economic Analysis collects and compiles U.S.
services import and export ...
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4
votes
Is education a part of the U.S. exports component of GDP?
From Unesco's website:
Top 10 destination countries:
...
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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 ...
- 8,034
4
votes
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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 ...
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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 ...
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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 ...
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3
votes
Is education a part of the U.S. exports component of GDP?
Does GDP include education?
Yes: GDP is the summed added value of all produced goods and services, this includes education.
Is the US the largest education exporter in the world?
The US are a big ...
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3
votes
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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 (...
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3
votes
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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 ...
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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 ...
- 928
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 ...
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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 ...
- 8,034
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 ...
- 31
2
votes
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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 ...
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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 ...
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/...
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2
votes
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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. ...
- 8,542
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 ...
- 6,516
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.
...
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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-...
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1
vote
Ad-driven skills gap?
I agree with EnergyNumbers' answer but think that the underlying principle can be explained more simply. The idea of a "skills gap" does not make basic economic sense, because the economy does not ...
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1
vote
Ad-driven skills gap?
I don't buy the explanation of this being vagaries of advertisements, regardless of the job.
Instead, I see it as employers showing rational and predictable flexibility in response to a changing ...
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1
vote
Accepted
General equilibrium effects of affirmative action policies
I found one survey which corresponds to what I was looking for: Theories of Statistical Discrimination and Affirmative Action: A Survey by Hamming Fang and Andrea Moro, in the Handbook of Social ...
- 3,222
1
vote
College enrollment probability model
Model (1) is a regular linear probability model. Your results say that $x_1$ is significantly correlated with $y$.
Model (2) is strange. It means that the probability is quadratic in $x_1$ and the ...
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1
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Is there any work on equality in a market versus friction?
NBER has a book with papers on the matter, Hoxby, C. M.(ed) (2003). The economics of school choice . Contents:
I also quote here the paragraph-titles in the Introduction (by Hoxby)
Market Structure ...
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