Tag Archives: Education

Is Forgiving Student Loans the Worst Idea Ever?

The third pillar of President Obama’s new college affordability plan is “ensuring that student debt remains affordable.” Here’s a bit more detail: The President has proposed allowing all student borrowers to cap their federal student loan payments at 10 percent of … Continue reading

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Long-term intergenerational persistence of human capital: an empirical analysis of four generations

From Mikael Lindahl, Mårten Palme, Sofia Sandgren Massih and Anna Sjögren:     Most previous studies of intergenerational transmission of human capital are restricted to two generations – parents and their children. In this study we use a Swedish data set … Continue reading

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Today’s Links: Economic Mobility & School Financing in California

1. Surnames offer depressing clues to the extent of social mobility over generations “Mr Clark’s conclusion is that the underlying rate of social mobility is both low and surprisingly constant across countries and eras: the introduction of universal secondary education … Continue reading

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Long Run Growth in Real Per Pupil Public Education Spending

Real per pupil education spending for elementary and secondary schools has increased roughly 23X since 1920. While there are many causes for this increase (special ed availability, reduced student teacher ratios, etc) and spending more on education is often a good … Continue reading

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Larry Summers on Economic Possibilities for Our Children – Robots, Inequality, & Government Spending

I came across the lecture Larry Summers gave on the future of the next generation in which he talks about the rise of robots, inequality, government spending and many other interesting issues. Very much worth watching. Here’s a summary of some … Continue reading

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What Would Happen If Charter School Availability Were Expanded Greatly? Part 2

Chris Walters, who I first mentioned in this post, gave his job market talk at Berkeley yesterday. Roughly speaking, his story is that although some of the lottery evidence in Boston suggests that some Charter Schools can substantially increase test scores, … Continue reading

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Inequality, the Allocation of Opportunity, and U.S. Economic Growth

Chang-Tai Hsieh, Erik Hurst, Peter Klenow, and Chad Jones have a recent paper on the allocation of talent and US economic growth in which they measure the macroeconomic consequences of reduced “occupational frictions” faced by women and blacks in the labor … Continue reading

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