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Efficiency of College Education in the Labor Market of the United States

  • William T. Alpert

    (University of Connecticut)

  • Alexander Vaninsky

    (Hostos Community College)

The paper discusses the worthiness of the resources allocated for college education from the point of view of their value in the labor market. We use Data Envelopment Analysis (DEA) to weigh the share of GDP spent on a college education and weighted time of labor force college study against productivity, employment rate, and labor force participation. Based on the data of the United States labor market for the period of 1980 - 2010, we received that the efficiency of a college education had no statistically significant tendency to increase or decrease over the period of the research but was closely related to the business cycles with a lag of one year. JEL Classification:

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File URL: http://web2.uconn.edu/economics/working/2013-22.pdf
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Paper provided by University of Connecticut, Department of Economics in its series Working papers with number 2013-22.

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Length: 18 pages
Date of creation: Aug 2013
Date of revision:
Handle: RePEc:uct:uconnp:2013-22
Contact details of provider: Postal: University of Connecticut 365 Fairfield Way, Unit 1063 Storrs, CT 06269-1063
Phone: (860) 486-4889
Fax: (860) 486-4463
Web page: http://www.econ.uconn.edu/

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  1. Ahn, Taesik & Charnes, Abraham & Cooper, William W., 1988. "Some statistical and DEA evaluations of relative efficiencies of public and private institutions of higher learning," Socio-Economic Planning Sciences, Elsevier, vol. 22(6), pages 259-269.
  2. Iñigo Iturbe-Ormaetxe Kortajarene & Marisa Hidalgo, 2009. "Should we transfer resources from college to basic education?," Working Papers. Serie AD 2009-18, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  3. Kao, Chiang, 1994. "Evaluation of junior colleges of technology: The Taiwan case," European Journal of Operational Research, Elsevier, vol. 72(1), pages 43-51, January.
  4. Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
  5. Kong, Wei-Hsin & Fu, Tsu-Tan, 2012. "Assessing the performance of business colleges in Taiwan using data envelopment analysis and student based value-added performance indicators," Omega, Elsevier, vol. 40(5), pages 541-549.
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