Scott-Clayton co-authors paper on Labor Market Outcomes | Education Policy & Social Analysis

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Education Policy & Social Analysis

Scott-Clayton co-authors paper on Labor Market Outcomes

Professor Scott-Clayton has co-authored a new NBER paper, "Labor Market Outcomes and Postsecondary Accountability: Are Imperfect Metrics Better than None?", with Veronica Minaya. The abstract is below, the full paper can be accessed here

Abstract:

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 that are more commonly incorporated into state accountability systems. We conclude that labor market data provides information that is quite distinct from students’ academic outcomes. Institutional ratings based on labor market outcomes, however, are quite sensitive to the specific metric. The choice of metric and length of follow up appear to matter much more than compositional adjustments. Our findings suggest a cautious approach: while a mix of feasible labor market metrics may be better than none, reliance on a single metric, especially if measured very early, may undermine policymakers’ ongoing efforts to accurately quantify institutional performance.

Published Thursday, Dec. 8, 2016

Scott-Clayton co-authors paper on Labor Market Outcomes

Professor Scott-Clayton has co-authored a new NBER paper, "Labor Market Outcomes and Postsecondary Accountability: Are Imperfect Metrics Better than None?", with Veronica Minaya. The abstract is below, the full paper can be accessed here

Abstract:

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 that are more commonly incorporated into state accountability systems. We conclude that labor market data provides information that is quite distinct from students’ academic outcomes. Institutional ratings based on labor market outcomes, however, are quite sensitive to the specific metric. The choice of metric and length of follow up appear to matter much more than compositional adjustments. Our findings suggest a cautious approach: while a mix of feasible labor market metrics may be better than none, reliance on a single metric, especially if measured very early, may undermine policymakers’ ongoing efforts to accurately quantify institutional performance.

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