ROI of education: how economists estimate it + US economic update - EP152

<p>Do you get a return on investment if you get a university or college degree? Does the taxpayer get an ROI for any subsidies provided? Economics Explored host Gene Tunny discusses how economists crunch the numbers on the ROI of education with his colleague Arturo Espinoza. Gene also gives an update on the US economy, covering the strong jobs growth figure for July 2022 among other indicators.  </p><p><strong>Links relevant to the conversation</strong></p><p>Macrobond charts and commentary on the US economy</p><p><a href="https://drive.google.com/file/d/16u6pj-xjVcF5F6zfy5W99cDaClUwlsGF/view?usp=sharing">https://drive.google.com/file/d/16u6pj-xjVcF5F6zfy5W99cDaClUwlsGF/view?usp=sharing</a></p><p>Sheepskin effect:</p><p><a href="https://en.wikipedia.org/wiki/Sheepskin_effect">https://en.wikipedia.org/wiki/Sheepskin_effect</a></p><p>Estimating the return to schooling using the Mincer equation by Harry Anthony Patrinos, World Bank and Georgetown University</p><p><a href="https://wol.iza.org/uploads/articles/278/pdfs/estimating-return-to-schooling-using-mincer-equation.pdf">https://wol.iza.org/uploads/articles/278/pdfs/estimating-return-to-schooling-using-mincer-equation.pdf</a></p><p>Evaluating the Return on Investment in Higher Education: An Assessment of Individual- and State-Level Returns by Kristin Blagg and Erica Blom, Urban Institute</p><p><a href="https://www.urban.org/research/publication/evaluating-return-investment-higher-education">https://www.urban.org/research/publication/evaluating-return-investment-higher-education</a></p><p>Reassessing the College Wage Premium Payoff by Jack Salmon, Mercatus Center, George Mason University</p><p><a href="https://www.jamesgmartin.center/2021/03/reassessing-the-college-wage-premium-payoff/">https://www.jamesgmartin.center/2021/03/reassessing-the-college-wage-premium-payoff/</a></p><p>Rich Roll’s podcast:</p><p><a href="https://www.richroll.com/all-episodes/">https://www.richroll.com/all-episodes/</a></p><p>Graduate Winners: Assessing the public and private benefits of