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Article Artículo

Heritage Fails to Check Source, Blows Another Call
Over at the Heritage blog, David Weinberger attempted a fact-check.  He wrote, “But both Professor Krugman and President Obama have their history entirely incorrect. Total government spending never decreased in the 30s, certainly not after 1937. Rather, t

David Rosnick / July 27, 2011

Article Artículo

Inside the Haiti Reconstruction Fund Annual Report
Last Friday, as the board of the Interim Haiti Recovery Commission (IHRC) was meeting, the Haiti Reconstruction Fund (HRF) released their first annual report. (Note: we obtained a copy by asking one of the report’s media contacts for one; the report itsel

CEPR / July 26, 2011

Article Artículo

Government

College

Catherine Rampell had a post last week declaring that “College is (Still) Worth It“. The piece is the latest in a series that she and her Economix blog colleague, David Leonhardt, have written on the financial benefits of college.

I agree with Rampell and Leonhardt that college is, on average, a good investment for the people who make it. But, Rampell and Leonhardt’s posts completely sidestep the key issue: why is it that when confronted with compelling evidence that college pays a big financial dividend, so many young people still don’t get a college degree?

Heather Boushey and I argue that the short answer  is that for a surprising share of college graduates, the large price tag may actually not pay off.

Rampell’s latest installment includes this nice graph of weekly earnings by worker characteristics, including educational attainment on the right-hand side:

economix-21incomequartile-custom1-400x378

Source: New York Times, Bureau of Labor Statistics

CEPR and John Schmitt / July 26, 2011