
The Promises and Pitfalls of Measuring Community College Quality
In this paper we explore the community college (institutional) effect on student outcomes in the nation’s largest public two-year higher education system—the California Community College system.
In this paper we explore the community college (institutional) effect on student outcomes in the nation’s largest public two-year higher education system—the California Community College system. We investigate whether there are significant differences in student outcomes across community college campuses after adjusting for observed student differences and potential unobserved determinates that drive selection. To do so, we leverage a unique administrative dataset that links community college students to their K–12 records in order to control for key student inputs. We find meaningful differences in student outcomes across California’s Community Colleges, after adjusting for differences in student inputs. We also compare college rankings based on unadjusted mean differences with college rankings adjusted for student inputs. Our results suggest that policymakers wishing to rank schools based on quality should adjust such rankings for differences in student-level inputs across campuses.
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This paper was originally published by The Russell Sage Foundation Journal of the Social Sciences
Economic Dynamism

The Causal Effect of News on Inflation Expectations
This paper studies the response of household inflation expectations to television news coverage of inflation.
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The Rise of Inflation Targeting
This paper discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States.

Demystifying the New Deal
Carola Binder reviews False Dawn: The New Deal and the Promise of Recovery, 1933–1947 by George Selgin

Why Is California Losing Good Jobs to Other States? It’s Not Rocket Science
The system that made California dynamic and prosperous for so long is now broken and backward-looking

The Dangers of Pursuing the Endangerment Finding
EPA Administrator Lee Zeldin’s most ambitious undertaking may also be the most legally vulnerable.

Open the Budget Scoring Black Box
Models that drive trillion-dollar decisions should not be treated like state secrets.