scholarly journals Returns to Late Aged College Degrees

2018 ◽  
Vol 3 (5) ◽  
Author(s):  
Sally Wallace ◽  
Thomas Mroz ◽  
Alex Hathaway
Keyword(s):  
Labor Market ◽  
Labor Force ◽  
Labor Market Outcomes ◽  
College Education ◽  
State Level ◽  
The United States ◽  
Bachelor's Degree ◽  
Older Individuals ◽  
Market Outcomes ◽  
Individual Level

The benefits of a college education are well documented. However, the majority of existing research focuses on students who matriculate soon after high school graduation. There is little empirical evidence illustrating whether a college degree is similarly beneficial to those already in the workforce, particularly individuals over 50. Nonetheless, the coming years will see the dramatic growth of older individuals, many of whom will continue to be active in the labor force, and policymakers would benefit from effective strategies to improve the labor market outcomes of older individuals. This research proposes to evaluate the labor market outcomes of individuals in Georgia who obtain a bachelor’s degree at age 50 or older by merging state-level individual level labor force (Dpt of Labor) with individual level educational data from the University System of Georgia (USG). Specifically, we explore whether these later-age degrees result in employment opportunities with higher wages and increased retention in the labor force beyond the traditional retirement age of 65 than those who do not attain a bachelor’s degree.  The results will provide policymakers across the United States with information to make informed decisions regarding higher education incentives and policies for older students.

Immigration and Labor Market Outcomes in U.S. Metropolitan Areas

2019 ◽  
Vol 63 (4) ◽  
pp. 630-652
Author(s):  
Allen Hyde ◽  
Michael Wallace
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Labor Market Outcomes ◽  
Economic Restructuring ◽  
The United States ◽  
Earnings Inequality ◽  
Demand Side ◽  
Least Squares Regression ◽  
Market Outcomes ◽  
The Relationship

Two broad orientations have motivated scholarship on the relationship between immigration and labor market outcomes in the United States. The first, the supply-side perspective, often focuses on how immigration affects a variety of outcomes such as unemployment, casualization, and earnings inequality. The second, the demand-side perspective, generally contends that these labor market outcomes result mainly from economic restructuring that subsequently attracts immigrants to labor markets. Previous studies have often reached divergent conclusions due to differing assumptions about the direction of causality in these relationships. In this paper, we use three-stage least squares regression, a technique that allows for nonrecursive relationships, to adjudicate the direction of causality between immigration and labor market outcomes. Using 2010 data for 366 U.S. metropolitan statistical areas, we find support for the demand-side perspective, or that economic restructuring results in higher unemployment, casualization, and earnings inequality, which subsequently increases levels of immigration in metropolitan labor markets.

Educational mismatches and labor market outcomes

2017 ◽  
Vol 59 (5) ◽  
pp. 534-546 ◽  
Author(s):  
Piriya Pholphirul
Keyword(s):  
Labor Market ◽  
Private Sector ◽  
Labor Force ◽  
Labor Market Outcomes ◽  
Policy Recommendations ◽  
Market Outcomes ◽  
Content Type ◽  
Labor Force Survey ◽  
Negative Impacts ◽  
High Level

Purpose Educational mismatches constitute negative impacts on labor markets in most countries, Thailand is no exception. The purpose of this paper is to quantify the degree of educational mismatch in Thailand and its impacts on labor market outcomes. Design/methodology/approach This study analyzes data obtained from Thailand’s Labor Force Survey to estimate the likelihood of horizontal and vertical mismatches and their impacts on labor market outcomes. Findings Estimation results reveal the existence of a high level of both vertical and horizontal mismatches in the labor market. The vertical mismatch tends to be most prevalent in the case of graduates with degrees in the social sciences, while the existence of the horizontal mismatch is mostly found in the case of graduates with backgrounds in the physical sciences. Samples with a degree in health science seem to be least impacted by both types of mismatch. Education-job mismatches, either vertical or horizontal mismatches, are found to cause negative impacts on workers’ employment. Findings indicate that workers who encountered either horizontal or vertical educational mismatches tended to have lower monthly incomes than did those without such mismatches. Vertical mismatches seemed to result in lower incomes than did the horizontal mismatches. Furthermore, both types of mismatch are found to not have any significant impact on workers’ employability. Research limitations/implications Nevertheless, due to different types of mismatches such as skill mismatch or personality mismatch, this paper only quantifies degree mismatch on the context of Thailand only. Nevertheless, different structure of labor market can show different findings. Practical implications Both horizontal mismatch and vertical mismatch can be mitigated with strong collaboration system between colleges/universities and employers. Therefore, the government should further promote better cooperation between universities and the private sector (industry-university linkages) by encouraging more exchanges between high-level executives and students of the private sector and higher-education institutes. More opportunities for students to practice their skills in real workplace settings should be provided, and students should also be able to gain credits from participating in such training. In Thailand, at present there are only a few degree programs that require students to complete an internship. Social implications As for social policy recommendations, to reduce both horizontal and vertical mismatches in practices, it is essential that the education sector promote a life-long learning framework that allows workers whose jobs do not match their educational background (or with their educational attainment) to receive the training and develop the skills required by employers. Originality/value Comparing to other literature in these areas in which survey data from the authors are relied, this paper, however, uses the Thai Labor Force Survey, which is the national representative sample data set. The results found from this paper are therefore useful to be reliable on implying appropriated policy recommendations.

scholarly journals Masking Real Unemployment: The Overall and Racial Impact of Survey Non-Response on Measured Labor Market Outcomes

2021 ◽  
pp. 1-22
Author(s):  
Yixia Cai ◽  
Dean Baker
Keyword(s):  
Labor Market ◽  
Labor Force ◽  
Black Men ◽  
Labor Market Outcomes ◽  
Market Outcomes ◽  
Percentage Points ◽  
Market Status ◽  
And Gender ◽  
Ethnicity And Gender

A large and growing percentage of households are missed in the monthly Current Population Survey (CPS). For the survey as a whole, the rate of nonresponse is roughly 13 percent. This is higher for Blacks, with the share for young Black men being about 30 percent. The BLS’s current methodology effectively assumes that, with adjustment for various characteristics, people who are not included in a follow-up survey may not differ systematically from those who are included. The present paper, however, provides evidence that this may not be the case. With the rotation panel structure of the CPS data from 2003 to 2019, we investigate bias from nonresponse in CPS and its association with one’s prior labor market status, paying particular attention to how the relationship differs by race, ethnicity, and gender. Our analysis suggests that people are considerably more likely to be missing in a subsequent observation if they are unemployed or not in the labor force in the prior observation. We also estimate what the real labor market outcomes might have been when adjusting for nonresponse and undercoverage. Findings indicate that the current methodology may underestimate the national unemployment and labor force participation rates by about 0.7 and 1.2 percentage points, respectively. The gap between observed and adjusted unemployment rates tends to grow beginning in 2015. The unemployment rate is more understated for Blacks than for whites, particularly with a gap of about 3.3 percentage points for young Black men (age 16 to 34).

Labor Market Outcomes of Immigrant Women in the United States: 1970 to 1990

1998 ◽  
Vol 32 (1) ◽  
pp. 57-77 ◽  
Author(s):  
Robert F. Schoeni
Keyword(s):  
United States ◽  
Labor Market ◽  
Wage Gap ◽  
Immigrant Women ◽  
Labor Market Outcomes ◽  
The United States ◽  
The Philippines ◽  
Market Outcomes ◽  
The United Kingdom ◽  
Almost All

Forty-two percent of immigrant workers in the United States are women, yet almost all of the evidence on the economic performance of immigrants is based on analyses of men. This study begins to fill the void by examining differences in a wide array of labor market outcomes between U.S.-born and immigrant women, and among immigrant women born in different countries or regions of the world, using the 1970, 1980 and 1990 censuses. Immigrant women were less likely to participate in the labor force, and this gap increased to 7 percentage points by 1990. However, the share of self-employed and the number of weeks and hours worked among employed women were roughly the same for immigrants and natives throughout the 1970–1990 period. The gap in unemployment and weekly wages widened in favor of natives between 1970 and 1990, with a gap in median wages of 14 percent in 1990. However, immigrants born in the United Kingdom and Canada, Europe, Japan, Korea, China, the Philippines, and the Middle East have had steady or improved wages and unemployment relative to U.S.-born women. At the same time, immigrants from Mexico and Central America, who now represent one-quarter of all immigrant women, have experienced relatively high unemployment and low earnings, and these differences have increased, with the wage gap reaching 35 percent in 1990. Disparities in completed years of schooling can explain a substantial share of the differences in labor market outcomes.

scholarly journals Refugees from Dust and Shrinking Land: Tracking the Dust Bowl Migrants

2018 ◽  
Vol 78 (4) ◽  
pp. 1001-1033 ◽  
Author(s):  
Jason Long ◽  
Henry Siu
Keyword(s):  
United States ◽  
Labor Market ◽  
Longitudinal Data ◽  
Labor Market Outcomes ◽  
The United States ◽  
Dust Bowl ◽  
Market Outcomes ◽  
Migration Rates ◽  
Migrant Selectivity ◽  
And Migration

We construct longitudinal data from U.S. census records to study the economics of the Dust Bowl migration of the 1930s. Most of our findings contradict long-standing perceptions. While migration rates were high relative to elsewhere in the United States, they were similar to migration rates from the region in the 1920s. Relative to other occupations, farmers were the least likely to move. Furthermore, migrants from the Dust Bowl were not exceptionally likely to move to California. Finally, there was negligible migrant selectivity, and migration was not associated with long-lasting negative labor market outcomes; indeed, for farmers, the gains from migration were positive.

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