The Changing Higher Education Landscape
Human Capital and Education in Puerto Rico
An important element of human capital is educational attainment. A series of recent papers highlights the importance of the quality of education—which determines the skills actually learned, rather than the number of years spent in a classroom—as a main driver of growth.
Just Released: Mapping the Differences in School Spending in New York City

Rajashri Chakrabarti and Michael Stewart This morning, the Federal Reserve Bank of New York released a set of interactive visuals that present data on school spending and its various components—such as instructional spending, instructional support, leadership support, and building services spending—across all thirty-two community school districts (CSD) in New York City and map their progression […]
Just Released: New Web Feature Provides Timely Data on the Job Market for Recent College Graduates
Jaison R. Abel and Richard Deitz Many newly minted college graduates entering the labor market in the wake of the Great Recession have had a tough time finding good jobs. But just how difficult has it been, and are things getting better? And for which graduates? These questions can be difficult to answer because timely […]
Working as a Barista After College Is Not as Common as You Might Think
Jaison R. Abel and Richard Deitz The image of a newly minted college graduate working behind the counter of a hip coffee shop has become a hallmark of the plight of recent college graduates following the Great Recession. Recurring news stories about young college graduates stuck in low-skilled jobs make it easy to see why […]
The Class of 2015 Might Have a Little Better Luck Finding a Good Job
With the college graduation season well under way, a new crop of freshly minted graduates is entering the job market and many bright young minds are hoping to land a good first job. It’s no wonder if they are approaching the job hunt with some trepidation. For a number of years now, recent college graduates have been struggling to find good jobs. However, the labor market for college graduates is improving. After declining for nearly two years, openings for jobs requiring a college degree have picked up since last summer. Not only has this increase in the demand for educated workers continued to push down the unemployment rate for recent graduates, but it has also finally started to help reduce underemployment, though the underemployment rate remains high. While successfully navigating the job market will likely remain a challenge, it appears that finding a good job has become just a little bit easier for the class of 2015.
Just Released: Is Your School Spending Less Than Your Neighbor’s?
This morning, the Federal Reserve Bank of New York released a set of interactive visuals that present school spending and its various components—such as instructional spending, instructional support, leadership support, and building services spending—across all thirty-two Community School Districts (CSD) in New York City and map their progression over time.
What Does Disagreement Tell Us about Uncertainty?
Uncertainty is of considerable interest for understanding the behavior of individuals as well as the movements in key macroeconomic and financial variables.
Did Local Funding Responses to Post‑Recession State Aid Cuts Vary by Property Wealth?
In the first of this two post series, we investigated the relationship between state aid and local funding before and after the Great Recession.
Did School Districts Offset State Education Funding Cuts?
It’s well known that the Great Recession led to a massive reduction in state government revenues, in spite of the federal government’s attempt to ease budget tightening through American Recovery and Reinvestment Act aid to states.