Research on charter schools tends to focus on direct and immediate effects on student outcomes. However, there may be unintended indirect effects on, for example, the teacher labor market. Charter schools tend to hire younger, less experienced teachers with fewer traditional teaching credentials, which may reduce the equilibrium quantity of…

Debates about charter schools center on their immediate effects on students who attend them and how charter schools affect nearby traditional public schools. However, as the charter sector has continued to grow, a broader range of possibly unintended effects become relevant. This study is one of the first to examine the possibility that charter…

We provide theory and evidence about how the design of college financial aid programs affects a variety of high school, college, and life outcomes. The evidence comes from an eight-year randomized trial where 2,587 high school ninth graders received a $12,000 merit-based grant offer. During high school, the program increased their college…

Multiple studies have documented the positive effect of school choice on college attendance. We focus instead on the quality of colleges, which is linked to higher graduation rates and later-in-life wages, especially for Black and Hispanic students. We examine the effect of the New Orleans school reforms, a district-wide reform creating an almost…

Higher education productivity, as measured by academic degrees granted by American colleges and universities, is declining. Since the early 1990s, real expenditures on higher education have grown by more than 25 percent, now amounting to 2.9 percent of US gross domestic product (GDP)--greater than the percentage of GDP spent on higher education in…

The authorizers of charter schools are an understudied piece of the charter reform process. The local school boards, state agencies, and higher education institutions that act as authorizers play a significant role in the market, determining which operators get to enter the market and which are forced to exit. This article provides an…

The federal role in higher education has grown over the past two decades, and now a new administration has the opportunity to chart the direction of the country's colleges and universities. To help inform these decisions, the Urban Institute convened a bipartisan group of scholars and policy advisers to write a series of memos highlighting the…

Given scarce resources for evaluation, we recommend that education researchers more frequently conduct comprehensive randomized trials that generate evidence on how, why, and under what conditions interventions succeed or fail in producing effects. Recent experience evaluating a randomized need-based financial aid intervention highlights some of…

The price of college is rising, making college feel out of reach for a rising share of Americans. Families can borrow to be sure, but with total student loan debt now above $1 trillion nationally, the situation seems unsustainable. It is no surprise then that in the campaign for U.S. President in the 2016 election, nearly all candidates of both…

Productivity in academic degrees granted by American colleges and universities is declining. While there is some evidence this is caused by an uncontrollable "cost disease," we examine two additional explanations. First, few popular programs and strategies in higher education are cost-effective, and those that are may be underutilized. Second, a…

The authors examine whether a need-based financial grant distribution "at random" to 1,500 Wisconsin Pell Grant recipients attending 13 public universities had an impact on how they allocated their time devoted to (a) working, (b) studying, (c) sleeping, and (d) socializing. To test whether time use mediates the relationship between aid…

We use the random assignment of a private Wisconsin need-based grant to estimate the impacts of financial aid on college persistence among Pell Grant recipients at 13 public universities over three years. For equity and efficiency reasons, governments use conditional cash transfers to reduce the relationship between family income and college…

In this study we consider the efficacy of a relatively new and widely accepted certification system for teachers established by the National Board for Professional Teaching Standards (NBPTS). To address the limitations in past research on the subject, we utilize a unique database covering the universe of teachers and students in Florida for a…