We estimate the effects on workforce and location outcomes of the Kalamazoo Promise, a generous, place-based college scholarship. Drawing upon administrative unemployment insurance wage records merged with individual-level education data, we identify Promise effects by comparing eligible to ineligible graduates before and after the Promise's…

This memo estimates the main economic benefits of tuition-free college in Illinois. These economic benefits are compared with the costs of making tuition free. In addition, the authors consider possible fiscal benefits of tuition-free college and whether these fiscal benefits for Illinois will offset the fiscal costs of making tuition free. This…

This paper examines how financial aid reform based on postsecondary institutional performance impacts student choice. Federal and state regulations often reflect concerns about the private, for-profit sector's poor employment outcomes and high loan defaults, despite the sector's possible theoretical advantages. We use student-level data to examine…

This paper studies the impact of the COVID-19 pandemic on youth disconnection--i.e., the share of young people who were neither in school nor at work. Youth disconnection offers important advantages, relative to unemployment or participation rates, as a measure of the labor market for the most marginal and disadvantaged youth. Before the pandemic,…

The COVID-19 pandemic greatly reduced the college enrollment rate for students during the Fall 2020 semester. National data show that although enrollment of new students declined overall, it varied substantially by institution type and student characteristics. What national data do "not" reveal is how certain communities with already…

This memo estimates the cost of two possible program designs for a statewide college scholarship program for the State of Illinois. These assumptions and associated cost estimates, once approved or revised, will form the basis for the next stage of this project, which is assessing the economic impact of tuition-free college in Illinois. [This…

We conduct an empirical simulation exercise that gauges the plausible impact of increased rates of college attainment on a variety of measures of income inequality and economic insecurity. Using two different methodological approaches--a distributional approach and a causal parameter approach--we find that increased rates of bachelor's and…

This policy brief discusses an empirical simulation exercise that gauges the plausible impact of increased rates of college attainment on a variety of measures of income inequality and economic insecurity. The results reveal that increasing college attainment would shrink gaps between the 90th percentile and lower half of the earnings…

We investigate whether excessively optimistic beliefs play a role in the persistent demand for doctoral and postdoctoral training in science. We elicit the beliefs and career preferences of doctoral students through a novel survey and randomize the provision of structured information on the true state of the academic market and information through…

In this second annual summary of the their work, the Investing in Community Initiative provides practical advice for community leaders and policymakers around four critical issues. First, how should local needs be defined? Chapter 1 argues that data about local economies can show whether communities are best served by creating new jobs,…

In 2018, the W.E. Upjohn Institute for Employment Research launched a major research initiative into place-based strategies for local prosperity. Place-based strategies are nothing new. For decades, cities, regions, and states have sought to increase the number of jobs available to residents, expand their tax base, and promote amenities and…

In the past 15 years, four-year-olds' enrollment in state-funded pre-kindergarten in the United States has doubled, and advocates have pushed for further expansion. Although research has shown that pre-K programs can have important benefits, most existing studies have focused on small or state-specific programs that may not generalize to other…

Drawing on the Panel Study of Income Dynamics, we document a startling empirical pattern: the career earnings premium from a four-year college degree (relative to a high school diploma) for persons from low-income backgrounds is considerably less than it is for those from higher-income backgrounds. For individuals whose family income in high…

I use a detailed panel of data and a unique modeling specification to explore how public schoolteachers respond to the incentives embedded in North Carolina's retirement system. Like most public-sector retirement plans, North Carolina's teacher pension implicitly encourages teachers to continue working until they are eligible for their pension…

We argue that place-based college scholarships, if designed intentionally and leveraged effectively, can foster local economic development. Since the introduction of the Kalamazoo Promise in 2005, a growing number of communities have applied the place-based approach to investments in human capital through the creation of college scholarship…