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Diversifying Society's Leaders? The Causal Effects of Admission to Highly Selective Private Colleges

Chetty, Raj; Deming, David J.; Friedman, John N - National Bureau of Economic Research - 2023

Leadership positions in the U.S. are disproportionately held by graduates of a few highly selective private colleges. Could such colleges -- which currently have many more students from high-income families than low-income families -- increase the socioeconomic diversity of America's leaders by...

Persistent link: https://www.econbiz.de/10014322879

Allocative Skill

Caplin, Andrew; Deming, David J.; Leth-Petersen, Søren; … - National Bureau of Economic Research - 2023

Jobs increasingly require good decision-making. Workers are valued not only for how much they can do, but also for their ability to decide what to do. In this paper we develop a theory and measurement paradigm for assessing individual variation in the ability to make good decisions about...

Persistent link: https://www.econbiz.de/10014372431

Why Do Wages Grow Faster for Educated Workers?

Deming, David J. - National Bureau of Economic Research - 2023

The U.S. college wage premium doubles over the life cycle, from 27 percent at age 25 to 60 percent at age 55. Using a panel survey of workers followed through age 60, I show that growth in the college wage premium is primarily explained by occupational sorting. Shortly after graduating, workers...

Persistent link: https://www.econbiz.de/10014322761

Multidimensional Human Capital and the Wage Structure

Deming, David J. - National Bureau of Economic Research - 2023

This paper reviews and synthesizes the literature on the macroeconomic implications of human capital theory. I begin with a review of the canonical model of education and the wage structure pioneered by Tinbergen (1975) and developed more fully by Goldin and Katz (2007). I also review...

Persistent link: https://www.econbiz.de/10014247921

Four Facts about Human Capital

Deming, David J. - National Bureau of Economic Research - 2022

This paper synthesizes what economists have learned about human capital since Becker (1962) into four stylized facts. First, human capital explains at least one-third of the variation in labor earnings within countries and at least half of the variation across countries. Second, human capital...

Persistent link: https://www.econbiz.de/10013334368

Education and Innovation

Biasi, Barbara; Deming, David J.; Moser, Petra - National Bureau of Economic Research - 2021

This chapter summarizes existing evidence on the link between education and innovation and presents open questions for … future research. After a brief review of theoretical frameworks on the link between education, innovation, and economic … growth, we explore three alternative policies to encourage innovation through education: expanding access to basic skills …

Persistent link: https://www.econbiz.de/10012496097