NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Uros Petronijevic

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December 2015Incentive Design in Education: An Empirical Analysis
with Hugh Macartney, Robert McMillan: w21835
While incentive schemes to elicit greater effort in organizations are widespread, the incentive strength-effort mapping is difficult to ascertain in practice, hindering incentive design. We propose a new semi-parametric method for uncovering this relationship in an education context, using exogenous incentive variation and rich administrative data. The estimated effort response forms the basis of a counterfactual approach tracing the effects of various accountability systems on the full distribution of scores. We show higher average performance comes with greater score dispersion for a given accountability scheme, and that incentive designs not yet enacted can improve performance further, relevant to education reform.
May 2013Making College Worth It: A Review of Research on the Returns to Higher Education
with Philip Oreopoulos: w19053
Recent stories of soaring student debt levels and under-placed college graduates have caused some to question whether a college education is still a sound investment. In this paper, we review the literature on the returns to higher education in an attempt to determine who benefits from college. Despite the tremendous heterogeneity across potential college students, we conclude that the investment appears to payoff for both the average and marginal student. During the past three decades in particular, the earnings premium associated with a college education has risen substantially. Beyond the pecuniary benefits of higher education, we suggest that there also may exist non-pecuniary benefits. Given these findings, it is perhaps surprising that among recent cohorts college completion ra...

Published: Journal Issue: Postsecondary Education in the United States Volume 23 Number 1 Spring 2013 Download E-mail Making College Worth It: A Review of the Returns to Higher Education Authors: Philip Oreopoulous Uros Petronijevic

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

 
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