Education

Ken Mayhew, 25 April 2017

Higher education authorities are concerned about the implications of Brexit for the income and international standing of UK universities – the possible reduction in the numbers of EU students and staff and the loss of EU research funding. This column explores these threats and argues that there may be real cause for concern among lower ranking institutions faced by the perfect storm of Brexit, a general toughening of immigration rules, and greater competition promised in the UK government’s recent White Paper on higher education. 

Karen Clay, Jeff Lingwall, Melvin Stephens, 22 April 2017

The exact causes of (and lessons from) the Great Compression – the decline in US income inequality in the mid-20th century – remain unclear. This column uses census data and changes in law to examine the effect of education across the complete distribution of income. Policies that increased attendance for young children in the late 19th and early 20th centuries appear to have had long-term implications for earnings and inequality, with returns to schooling highest among those at the lower end of the income distribution.

Stelios Michalopoulos, Elias Papaioannou, 08 March 2017

Over the past decades, economists working on growth have ‘rediscovered’ the importance of history, leading to the emergence of a vibrant, far-reaching inter-disciplinary stream of work. This column introduces the third and final eBook in our three-part series which examines key themes in this emergent literature and discusses the impact they have on our understanding of the long-run influence of historical events on current economics. This volume focuses on the Americas and Europe and examines how events from history have helped shape their post-war economic identities.

Girum Abebe, Stefano Caria, Marcel Fafchamps, Paolo Falco, Simon Franklin, Simon Quinn, 09 December 2016

Youth unemployment is a growing problem around the world, particularly in urban areas. This column assesses the impact of labour market interventions in Addis Ababa targeting two issues commonly faced by unemployed youth: job search costs and a poor ability to signal their skills. A transport subsidy and a job application workshop were both found to have significant positive effects on youth labour market outcomes, pointing to the important role policymakers can play in helping young people find satisfying employment.

Axel Dreher, Shu Yu, 25 November 2016

The belief that educating future leaders of other countries helps spread the values of the country of study has inspired many foreign-education programmes. This column uses data on the education and UN voting patterns of 831 world leaders to show that foreign-educated leaders tend to be less friendly with former hosts, but more friendly with countries that share the host’s culture and politics. This appears to reflect a tension between ‘affinity’ with former hosts and ‘allegiance’ to domestic voters.

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