Efficiency of College Education in the Labor Market of the United States

William Alpert and Alexander Vaninsky

No 2013-22, Working papers from University of Connecticut, Department of Economics

Abstract: The paper discusses the worthiness of the resources allocated for college education from the point of view of their value in the labor market. We use Data Envelopment Analysis (DEA) to weigh the share of GDP spent on a college education and weighted time of labor force college study against productivity, employment rate, and labor force participation. Based on the data of the United States labor market for the period of 1980 - 2010, we received that the efficiency of a college education had no statistically significant tendency to increase or decrease over the period of the research but was closely related to the business cycles with a lag of one year. JEL Classification:

Keywords: College education; Efficiency; Labor force productivity; Employment rate; Labor force participation; Data Envelopment Analysis (search for similar items in EconPapers)
Pages: 18 pages
Date: 2013-08
New Economics Papers: this item is included in nep-edu, nep-eff, nep-lab and nep-lma
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Persistent link: https://EconPapers.repec.org/RePEc:uct:uconnp:2013-22

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