Patrick Coate, PhD
Articles from Patrick Coate, PhD
The two biggest investments of many Americans’ lives are buying a home and sending their kids to college. For middle-class homeowners with kids approaching college, housing wealth is often their primary or only financial asset, and it not surprising that many of them look to their home values to help finance their children’s education.
Many U.S. jurisdictions are enacting “ban the box” laws prohibiting employers from asking about criminal histories on job applications. One common goal of these laws is to keep ex-offenders from being automatically screened out before even having the chance to interview. But some recent research found that in New Jersey and New York City, these efforts to “ban the box” may have had unintended consequences.
Internal migration has always been an important feature of the United States labor market. The ability to move between labor markets to find work or a better job can help promote national economic growth and protect people from downturns in their local economy. But people today—regardless of their age or marital status—are moving far less often than they did in the 1980s and 1990s. Our research shows that overall, internal migration rates in 2015 were half of what they had been in the 1980s. As many as 10 million fewer Americans are moving each year than moved 30 years ago.
Earlier this month, the Department of Education released a new College Scorecard which contains a variety of information about almost all U.S. colleges, including costs, graduation rates, test scores and students’ future earnings. While it is a great source of data, the Scorecard has important limitations and users should be careful when using student outcomes to compare colleges. When comparing costs, however, the Scorecard can be more useful.