
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.

The Revenge of the Supply-Siders
Trump would do well to heed his supply-side advisers again and avoid the populist Keynesian shortcuts of stimulus checks or easy money.

U.S. Can’t Cave to Europe’s Anti-Growth Agenda
One does not have to support protectionist tariffs or protracted trade wars to see why Washington needs to continue using trade to pressure Eurocrats to give up micromanaging tech platforms and supply chains around the world.




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