Economics of Education

Autor, David, Frank Levy, and Richard J. Murnane. “The Consequences of Increasing the Nation’s Supply of College Graduates.” Policy Brief Written for the Gates Foundation. December, 2003.

Wessel, David. “Moving up: Challenges to the American Dream; Escalator Ride: As Rich-poor Gap Widens in the U.S., Class Mobility Stalls; Those in Bottom Rung Enjoy Better Odds in Europe; How Parents Confer an Edge; Immigrants See Fast Advance.” The Wall Street Journal (May 13, 2005): A1.

SES #: 3 · TOPICS: Human capital theory: The basic economic perspective on education · Readings: Borjas, George. Labor Economics . Boston, MA: McGraw-Hill, 2005, chapter 7. ISBN: 9780072871777.

Knudsen, Eric I., James J. Heckman, Judy L. Cameron, and Jack P. Shonkoff. “Economic, Neurobiological, and Behavioral Perspectives on Building America’s Future Workforce.” Proceedings of the National Academy of Sciences 103, no. 27 (2006): 10155-10162.

Feinstein, Leon. “Inequality in the Early Cognitive Development of British Children in the 1970 Cohort.” Economica 70, no. 277 (2003): 73-97.

Freeman, Richard B. The Overeducated American . New York, NY: Academic Press, 1976, chapters 1-3. ISBN: 9780122672507.

Duflo, Esther. “Schooling and Labor Market Consequences of School Construction in Indonesia: Evidence from an Unusual Policy Experiment.” American Economic Review 91, no. 4 (2001): 795-800.

Tyler, John H., Richard J. Murnane, and John B. Willett. “Estimating the Labor Market Signaling Value of a GED.” The Quarterly Journal of Economics 155, no. 2 (2000): 431-468.

Murnane, Richard J., John Willett, and Frank Levy. “The Growing Importance of Cognitive Skills in Wage Determination.” Review of Economics and Statistics 77, no. 2 (1995): 251-266.

Spence, Michael. “Job Market Signaling.” Quarterly Journal of Economics 87, no. 3 (1973): 355-374.

Levy, Frank, and Richard J. Murnane. “Computers, Offshoring, and Skills.” Working Paper. September 18, 2005.

Freeman, Richard B. “Are Your Wages Set in Beijing?” Journal of Economic Perspectives 9, no. 3 (1995): 15-32.

Bransford, John, Ann Brown, and Rodney Cocking, eds. “How Experts Differ from Novices.” Chapter 2 in How People Learn: Brain, Mind, Experience and School . Washington, DC: National Academy Press, 2000. ISBN: 9780309070362.

Murray, Nick. “Planning for the Five Great Goals of Life.” Chapter 8 in The Excellent Investment Advisor . Mattituck, NY: The Nick Murray Company, Inc., 1996. ISBN: 9780965516105.

Frederick, Shane. “Cognitive Reflection and Decision Making.” The Journal of Economic Perspectives 19, no. 4 (2005): 25-42.

Hanushek, Eric A. “Assessing the Effects of School Resources on Student Performance: An Update.” Educational Evaluation and Policy Analysis 19, no. 2 (1997): 141-164.

Murnane, Richard J., and Frank Levy. “Evidence from Fifteen Schools in Austin Texas.” Chapter 4 in Does Money Matter ? Edited by Gary Burtless. Washington, DC: Brookings Institution Press, 1996. ISBN: 9780815712756.

Krueger, Alan B. “Experimental Estimates of Education Production Functions.” Quarterly Journal of Economics 114, no. 2 (1999): 497-532.

Angrist, Joshua, and Victor Lavy. “Using Maimonides’ Rule to Estimate the Effect of Class Size on Student Achievement.” Quarterly Journal of Economics 114, no. 2 (1999): 533-575.

Cullen, Julie Berry, Brian A. Jacob, and Steven Levitt. “The Effect of School Choice on Participants: Evidence from Randomized Lotteries.” Econometrica 74, no. 5 (2006): 1191-1230.

Rouse, Cecilia. “Schools and Student Achievement: More Evidence from the Milwaukee Parental Choice Program.” FRBNY Economic Policy Review 4 (1998): 61-76.

Clotfelter, Charles T., and Helen F. Ladd. “Recognizing and Rewarding Success in Public Schools.” Chapter 2 in Holding Schools Accountable . Edited by Helen Ladd. Washington, DC: Brookings Institution Press, 1996. ISBN: 9780815751038.

Jacob, Brian A. “Accountability, Incentives and Behavior: The Impact of High-stakes Testing in the Chicago Public Schools.” Journal of Public Economics 89, no. 5-6 (2005): 761-796.

Murnane, Richard J., and Frank Levy. “The Fourth Principle: Measure Progress Regularly.” Chapter 7 in Teaching the New Basic Skills: Principles for Educating Children to Thrive in a Changing Economy . New York, NY: Free Press, 1996. ISBN: 9780684827391.

Loeb, Susanna, and Marianne E. Page. “Examining the Link between Teacher Wages and Student Outcomes: The Importance of Alternative Labor Market Opportunities and Non-pecuniary Variation.” Review of Economics and Statistics 82, no. 3 (2000): 393-408.

Murnane, Richard J., and Frank Levy. “The Third Principle: Train the Frontline Workers.” Chapter 6 in Teaching the New Basic Skills: Principles for Educating Children to Thrive in a Changing Economy . New York, NY: Free Press, 1996. ISBN: 9780684827391.

Corcoran, Sean P., William N. Evans, and Robert M. Schwab. “Women, the Labor Market, and the Declining Relative Quality of Teachers.” Journal of Policy Analysis and Management 23, no. 3 (2004): 449-470.

Burstein, Jill, Martin Chodorow, and Claudia Leacock. “ Criterion Online Essay Evaluation: An Application for Automated Evaluation of Student Essays.” Proceedings of the 15th Annual Conference on Innovative Applications of Artificial Intelligence, 2003.

Winston, Gordon. “Subsidies, Hierarchy and Peers: The Awkward Economics of Higher Education.” Journal of Economic Perspectives 13, no. 1 (1999): 13-36.