NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Veronica Minaya

Teachers College, Columbia University
525 W. 120th St, Box 174
New York, NY 10027

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NBER Working Papers and Publications

January 2017Labor Market Outcomes and Postsecondary Accountability: Are Imperfect Metrics Better than None?
with Judith Scott-Clayton
in Productivity in Higher Education, Caroline M. Hoxby and Kevin Stange, editors
Policymakers at the state and federal level are increasingly pushing to hold institutions accountable for the labor market outcomes of their students. There is no consensus, however, on how such measures should be constructed, or how the choice of measure may affect the resulting institutional ratings. Using state administrative data that links postsecondary transcripts and in-state quarterly earnings and unemployment records over more than a decade, we construct a variety of possible institution-level labor market outcome metrics. We then explore how sensitive institutional ratings are to the choice of labor market metric, length of follow-up, and inclusion of adjustments for student characteristics. We also examine how labor market metrics compare to the academic-outcome-based metrics th...
December 2016Labor Market Outcomes and Postsecondary Accountability: Are Imperfect Metrics Better than None?
with Judith Scott-Clayton: w22880
Policymakers at the state and federal level are increasingly pushing to hold institutions accountable for the labor market outcomes of their students. There is no consensus, however, on how such measures should be constructed, or how the choice of measure may affect the resulting institutional ratings. Using state administrative data that links postsecondary transcripts and in-state quarterly earnings and unemployment records over more than a decade, we construct a variety of possible institution-level labor market outcome metrics. We then explore how sensitive institutional ratings are to the choice of labor market metric, length of follow-up, and inclusion of adjustments for student characteristics. We also examine how labor market metrics compare to the academic-outcome-based metrics th...

Forthcoming: Labor Market Outcomes and Postsecondary Accountability: Are Imperfect Metrics Better than None?, Veronica Minaya, Judith Scott-Clayton. in Productivity in Higher Education, Hoxby and Stange. 2017

July 2014Should Student Employment Be Subsidized? Conditional Counterfactuals and the Outcomes of Work-Study Participation
with Judith Scott-Clayton: w20329
Student employment subsidies are one of the largest types of federal employment subsidies, and one of the oldest forms of student aid. Yet it is unclear whether they help or harm students' long term outcomes. We present a framework that decomposes overall effects into a weighted average of effects for marginal and inframarginal workers. We then develop an application of propensity scores, which we call conditional-counterfactual matching, in which we estimate the overall impact, and the impact under two distinct counterfactuals: working at an unsubsidized job, or not working at all. Finally, we estimate the effects of the largest student employment subsidy program--Federal Work-Study (FWS)--for a broad range of participants and outcomes. Our results suggest that about half of FWS particip...

Published: Judith Scott-Clayton & Veronica Minaya, 2015. "Should student employment be subsidized? Conditional counterfactuals and the outcomes of work-study participation," Economics of Education Review, .

 
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