Edward Conard

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US PISA Results By Subpopulation

AI Summary. On the international PISA student assessments, American Asian and White students ranked at the top, American Hispanic students outscored Hispanic students elsewhere, and American Black students performed well. In reading, American Asian students placed first and American White students third.

Crémieux @cremieuxrecueil
Date Posted:
December 6, 2023
Is Database:
Database
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Important

Breaking down the 2022 PISA math results by subpopulation, @cremieuxrecueil finds that US Asians and whites topped the charts, scoring on par with top international performers.

Do US students rank at the top by subgroup?

Core argument: In PISA results broken out by subpopulation, American Asians and Whites topped the charts, American Hispanics outscored all other Hispanic groups, and American Blacks performed well, which the author argues shows the US has one of the smartest populations.

With the latest PISA results, America has proven once again that it has one of the smartest populations and, perhaps, the best education systems. American Asians and Whites topped the charts; American Hispanics beat all other Hispanics; American Blacks did well. Some people think the most important scale is mathematics, while others think it's reading, and a select few think it's science. They all indicate g, so there's no a priori rationale for favoring any particular scale. Regardless, look at how America did in mathematics! America's reading performance is perhaps its most laudable this year. American Asians came in first in this test, and American Whites came in third.

Takeaways by Macro Roundup® AI

  1. In PISA results broken out by subpopulation, American Asians and Whites topped the charts, American Hispanics outscored all other Hispanic groups, and American Blacks performed well, which the author argues shows the US has one of the smartest populations.
  2. On the PISA reading scale, American Asians ranked first and American Whites ranked third, a performance the author calls America's most laudable.
  3. The author contends that mathematics, reading, and science scales all indicate g, leaving no a priori rationale for favoring any particular scale.

Related Articles:

  • Math Scores Dropped Globally, but the U.S. Still Trails Other Countries — In international testing of 15-year-olds, U.S. students scored below peers in the United Kingdom, Australia, and Germany and well behind Singapore, South Korea, and Estonia, continuing a math underperformance that predated the pandemic. Globally, students lost the equivalent of three-quarters of a year of math learning, with larger declines where schools stayed closed longer.
  • Krugman’s Misleading Scandinavian Comparison — Krugman’s Misleading Scandinavian Comparison
  • Education
    • Test Scores
  • Workforce
Previous articleDecember 6, 2023Inflation, Disinflation, and Vibeflation.@paulkrugman argues the uptick in inflation was mostly a story of the pandemic-related supply-side disruptions. He cites data on the surge of inflation globally to argue the American Rescue Plan was not the cause of inflation.Next articleDecember 6, 2023Foreign Direct Investment is Exiting China, New Data Show.@PIIE estimates that at least $100B in FDI flowed out of China in 2023, as foreign firms are no longer reinvesting earnings, and are also selling their Chinese operations to local firms and repatriating the proceeds.
Showing 56 database articles primarily about Education

To Fix Education, Fix The Economy First

AI Summary. 30% of US adults have literacy skills typical of a 10-year-old, yet US workers scoring at that low level earn an average of nearly $30 an hour and two-thirds are employed, compared with about $20 and fewer than half employed in Britain. The author argues this reflects stronger economic growth rather than vocational education policy.

John Burn-Murdoch Financial Times
Date Posted:
August 7, 2026
Is Database:
Database
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Using OECD skills data and the Luxembourg Income Study, Burn-Murdoch finds US workers at the lowest levels of literacy and numeracy earn ~ on par with British workers scoring a 2, ~ a mean score.

Does economic growth matter more than education policy for low-skilled workers' pay?

Core argument: 30% of US adults have literacy skills typical of a 10-year-old, yet US workers scoring that low earn an average of almost $30 per hour and two-thirds of them are employed.

30% of US adults have literacy skills typical of a 10-year-old. The same proportion of US workers who score stunningly low on literacy earn an average of almost $30 per hour, and two-thirds of them are in work. Their British counterparts make the equivalent of $20 and fewer than half are employed. This all looks more like the fruits of years of stronger growth than vocational education policy. We should view education as creating potential that a strong economy unleashes (and a weak one disappoints).

Takeaways by Macro Roundup® AI

  1. 30% of US adults have literacy skills typical of a 10-year-old, yet US workers scoring that low earn an average of almost $30 per hour and two-thirds of them are employed.
  2. British workers with similarly low literacy scores earn the equivalent of $20 per hour and fewer than half are employed, a gap the author attributes to years of stronger US growth rather than vocational education policy.
  3. The author argues that education should be viewed as creating potential that a strong economy unleashes and a weak one disappoints.

Related Articles:

  • Do Adults Have the Skills They Need to Thrive in a Changing World? — An international assessment of adult skills describes numeracy proficiency levels ranging from counting objects and adding small whole numbers at the lowest level, to extracting information from tables and graphs and performing basic arithmetic with money and percentages at Level 1, up to analysing complex mathematical information and critically evaluating whether data support a claim at Level 5.
  • Toward An Understanding Of The Returns To Cognitive Skills Across Cohorts — The authors find that the estimated decline in labor market returns to pre-labor-market cognitive skills for white men across two U.S. youth cohorts depends critically on the widening and increased left-skewness of the test-score distribution, with declines appearing only at the lower end of that distribution.
  • Cognitive Skills Beyond Childhood — Wages at age 50 rise more steeply with cognitive skills measured at age 16 than with cognitive skills measured at age 50; for women, moving from average to two standard deviations above average raises expected hourly wages from £11 to £22 using age-16 skills, versus £12 to £15 using age-50 skills.
  • Education
    • Test Scores
  • Workforce
    • Inequality
    • Wages/Income

Meritocracy and the Networks It Forged: China’s Imperial Examination

AI Summary. A study of China's imperial civil service examination estimates that both exam performance and ties to powerful examiners had larger effects on career outcomes for high-performing candidates, indicating merit and networks were complements rather than substitutes. The authors argue this complementarity makes the influence of networks harder to distinguish from merit.

Ying Bai and Ruixue Jia National Bureau of Economic Research
Date Posted:
August 3, 2026
Is Database:
Database

From 1644–1905, Qing China staffed its bureaucracy through exams and patronage. Only 12.6% of exam graduates reached top office, but patronage favored stronger performers, illustrating how merit and connections can be complements rather than substitutes.

Do merit and connections reinforce each other in civil service careers?

Core argument: In China's imperial examination system, exam performance mattered more for candidates in the high-performing category, consistent with an institutional design that steered that elite group toward more prestigious careers.

Figure 5 studies the interplay between merit and networks by estimating the effects of exam performance and ties to powerful examiners separately for the high- and low-performing categories. The left panel shows the effects of exam performance for the two categories, while the right panel presents those of examiner power. Two patterns stand out. First, exam performance matters more for the high category, consistent with the institutional design that steered this elite group toward more prestigious careers. Second, ties to powerful examiners are also more valuable for the high category, pointing to a complementarity between merit and networks. To understand the implications of our finding on complementarity, it is useful to contrast it with the counterfactual of substitution. When merit and networks are complements (rather than substitutes), those who attained top office tend to exhibit both stronger exam performance and stronger connections. By contrast, under substitution, strong networks would compensate for weaker exam performance, and vice versa. Complementarity implies [a higher degree of meritocracy than substitution, as] successful candidates appear to have had better performance. Second, complementarity makes it harder to identify the influence of networks: their effects can operate under the guise of merit rather than as a visible substitute for it.

Takeaways by Macro Roundup® AI

  1. In China's imperial examination system, exam performance mattered more for candidates in the high-performing category, consistent with an institutional design that steered that elite group toward more prestigious careers.
  2. Ties to powerful examiners were also more valuable for the high-performing category, pointing to complementarity between merit and networks rather than substitution.
  3. Complementarity implies a higher degree of meritocracy than substitution, since those attaining top office tended to show both stronger exam performance and stronger connections, and it makes the influence of networks harder to identify because it can operate under the guise of merit.

Related Articles:

  • Elite Strategies for Big Shocks: The Case of the Fall of the Ming — A study of China's Ming-to-Qing dynastic transition finds elite families in Central China lost influence in the short run but their descendants regained and tightened their hold on power under the new dynasty, even as the hardest-hit regions stayed worse off. The authors attribute the recovery to emphasis on portable civil-service exam skills.
  • The Inheritance Of Social Status: England, 1600 to 2022 — Using a genealogical database of 422,374 English people with rarer surnames, the authors find social status persists strongly even among distant relatives, with status correlations declining by a constant factor of 0.79 per step in the lineage across all status measures and eras studied. The authors argue this constancy suggests social interventions have modest effects.
  • For Whom the Bell Curve Tolls: A Lineage of 400,000 English Individuals 1750-2020 Shows Genetics Determines Most Social Outcomes — A study of 402,000 English individuals across 1750–2020 estimates an intergenerational occupational status correlation of 0.88 and a genetic correlation between spouses of 0.76, which the authors interpret as a strong genetic basis for the persistence of social status. The authors argue that highly assortative mating around status genetics limits what policy can do to raise social mobility.
  • Education
    • Test Scores
  • Workforce
    • Mobility/Assortative Mating

The Returns to Education: A Meta-Study

AI Summary. A meta-study of 79 causal estimates finds an average 8.2% earnings gain per year of education, matching earlier work, but also finds evidence of publication bias favoring statistically significant and positive estimates. Correcting for these biases implies an average causal return in the 0%–3% range.

Gregory Clark and Christian Alexander Abildgaard Nielsen Kyklos
Date Posted:
February 11, 2026
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Clark and Nielsen replicate the ~8% estimates of the return to education obtained by standard methods, but find evidence of selection biases in favor of high estimated returns. After correcting for these biases, they calculate returns on the order of 3%.

Do publication biases inflate estimated earnings returns to education?

Core argument: A meta-study of 79 causal estimates of education's effect on earnings, drawn from school-leaving age mandates and child labor bans, reports an 8.2% earnings gain per year of education, similar to the earlier Ashenfelter et al. study.

In this meta-study of 79 estimates of the causal effects of education on earnings (derived from increases of the mandated school-leaving age or legislation banning child labor under certain ages), we report a similar effect to [the classic] earlier study (Ashenfelter, et al): an 8.2% gain in earnings for each year of education. We also find clear evidence of significant publication biases. Studies passing the filter of publication were more likely to have coefficients statistically significantly greater than 0, and we observe strong evidence that studies with returns estimated at less than 0 were more difficult to publish. There is strong suggestive evidence of the first publication bias in the data. Figure 6 shows that the average estimated return rises substantially where the standard error is larger. This suggests a greater likelihood of an estimate being published when it was statistically significantly different from 0. If all estimates were published independent of the estimated return, we would not expect there to be such a gradient. Correcting the first publication bias by looking at the average return on the studies with the lowest standard errors would suggest an average causal return to education of no more than 3%, compared to the reported 8.2%. Independent of this, correcting for the omission of returns less than 0 implies an overall causal return to education only in the 0%–3% range.

Takeaways by Macro Roundup® AI

  1. A meta-study of 79 causal estimates of education's effect on earnings, drawn from school-leaving age mandates and child labor bans, reports an 8.2% earnings gain per year of education, similar to the earlier Ashenfelter et al. study.
  2. Average estimated returns to education rise substantially where standard errors are larger, which suggests estimates were more likely to be published when statistically significantly different from 0.
  3. Correcting for publication bias by using the studies with the lowest standard errors would suggest an average causal return to education of no more than 3%, while correcting for omitted negative estimates implies a 0%–3% range.

Related Articles:

  • Standardized Test Scores and Academic Performance at Ivy-Plus Colleges — An analysis of admissions and transcript records at Ivy-Plus colleges finds standardized test scores predict first-year college grades with a normalized slope 4x greater than high school grade point average, controlling for race, gender, and socioeconomic status. The authors find no evidence test scores underpredict college performance for students from less advantaged backgrounds.
  • Do Adults Have the Skills They Need to Thrive in a Changing World? — An international assessment of adult skills describes numeracy proficiency levels ranging from counting objects and adding small whole numbers at the lowest level, to extracting information from tables and graphs and performing basic arithmetic with money and percentages at Level 1, up to analysing complex mathematical information and critically evaluating whether data support a claim at Level 5.
  • Military Officer Quality in the All-Volunteer Force — The authors find a steady decline in U.S. Marine Corps officers' General Classification Test scores, which is statistically associated with the expansion of college attendance and explains 96% of the measured change. They also find a positive association between African American officers and mean test scores, arguing affirmative action has not lowered officer quality.
  • Education
    • Test Scores
  • Workforce

Marginal Admission to Elite High Schools: Long-run Effects on Labor Market Outcomes

AI Summary. Students admitted to elite high schools just above the admissions cutoff are estimated to be 3.2pp less likely to have ever held a formal private-sector job five years later — a 16% decline versus those just missing the cutoff — and to earn 5.3% lower wages. These gaps shrink over time and are statistically insignificant after 15 years.

Francisco Cabrera-Hernández, Andrew Dustan, Daniel Osuna Gomez and María Padilla-Romo National Bureau of Economic Research
Date Posted:
January 22, 2026
Is Database:
Database

In data from the Mexico City metro area over 2003–2009, students who just missed the exam score cutoff for admission to an elite high school have 5.3% higher wages after five years (2.5% after 10 years) than marginally admitted students.

Does barely getting into an elite high school lower early earnings?

Core argument: Marginal assignment to an elite high school causes a 3.2pp decline in the probability of ever having held a formal job five years later at ages 19–20, a 16% drop from the 20% base rate for students just below the cutoff.

[We] trace out the [harmful] causal impact of [marginal] assignment to an elite school [as opposed to just missing the admissions cutoff] on formal private labor market outcomes over time. Five years after the assignment process (at ages 19-20, beyond high school age), elite assignment [based on a test score marginally above the cutoff] causes a 3.2pp decline in the probability of ever having held a formal job. This is a 16% decline relative to the base rate of 20% for students missing the elite cutoff by one point. Over time, this elite disadvantage declines: after 10 years (at ages 24-25, after the typical age of college graduation), the effect is -2.1pp, while after 15 years (at ages 29-30) the estimated -0.2pp impact is statistically insignificant. While the negative effect on formal employment eventually fades, it leaves elite students with a deficit in formal labor market experience. After 5 years, elite assignment reduces the cumulative number of months with a formal job by 14%. Conditional on formal employment, marginal elite assignment causes a reduction in wages that fades out over time. Five years after assignment, elite assignment reduces wages by 5.3%. This reduction declines to 2.6% after 10 years, and [essentially vanishes] after 15 years.

Takeaways by Macro Roundup® AI

  1. Marginal assignment to an elite high school causes a 3.2pp decline in the probability of ever having held a formal job five years later at ages 19–20, a 16% drop from the 20% base rate for students just below the cutoff.
  2. The elite-assignment employment disadvantage fades over time, falling to -2.1pp after 10 years (ages 24–25) and a statistically insignificant -0.2pp after 15 years (ages 29–30).
  3. Conditional on formal employment, marginal elite assignment reduces wages by 5.3% after five years and 2.6% after 10 years, and cuts cumulative months of formal work by 14% after five years.

Related Articles:

  • Marginal Returns to Public Universities — Using admission-score cutoffs across all 35 Texas public universities, the author estimates that marginally admitted students complete an additional year of four-year education, are 12 percentage points more likely to earn a bachelor's degree, and earn 5–10% more than marginally rejected peers, with gains driven by students who otherwise would not attend a four-year school.
  • Diversifying Society’s Leaders? The Determinants and Causal Effects of Admission to Highly Selective Private Colleges — Children from top-1% families are more than 2x as likely as middle-class students with comparable SAT/ACT scores to attend an Ivy-Plus college, with two-thirds of the gap attributable to higher admissions rates. The authors attribute this advantage to legacy preferences, weight on non-academic credentials, and athlete recruitment.
  • Are China’s Students Really Number One? A Statistical Riddle — China's reported 65-point jump in mean international student test scores between testing rounds coincided with a change in which provinces represented the country, swapping the most populous province for a richer, much smaller one. The author argues such swings, including a fall in low performers from 43% to 19% in reading, are unmatched elsewhere.
  • Education
    • College
    • Test Scores
  • Workforce

Plunging US Birth Rate Leaves Too Many Colleges With Too Few Kids

AI Summary. A falling US birth rate is projected to shrink the pool of college-age Americans, leaving schools with empty classrooms. Many smaller, lesser-known colleges are already firing professors, cutting liberal arts courses in favor of science and technology programs, or closing entirely.

Elizabeth Rembert, Amanda Albright and Marie Patino Bloomberg
Date Posted:
January 16, 2026
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Database

As America’s demographics roll over, smaller public and private liberal arts colleges have “already hit the precipice.” Btw 2003 and 2024, more than 100 public campuses closed, and ~ 2/3 of private for-profit colleges have shut down since the 2010s.

How is a falling birth rate reshaping American colleges?

Core argument: The US pool of college-aged Americans is expected to shrink after 2025, pushing schools toward a "demographic cliff" in which a steadily dropping population of people in their late teens and early 20s leaves desks and classrooms empty.

The country’s tumbling birth rate is pushing schools toward a “demographic cliff,” where a steadily dropping population of people in their late teens and early 20s will leave desks and classrooms empty. Many smaller, lesser-known schools have already hit the precipice. They’re firing professors, paring back liberal arts courses in favor of STEM — or closing altogether. Others will likely reach the cliff in the next few years. Although it has plunged since the 1950s, the US birth rate ticked upward slightly before the 2008 financial crisis, and that brief demographic boost has kept enrollment at larger schools afloat. But the nationwide pool of college-aged Americans is expected to shrink after 2025. The financial pressure will be relentless. “If colleges were facing a stark decline in one or two cohorts, higher ed could likely say, ‘Well, we could admit a few additional students and tighten our belts to muddle through,’” said Nathan Grawe, an economics professor at Carleton College in Minnesota, who has written books about education and demographics. “But it’s one year after another of contraction, of ratcheting up the pressure.”

Takeaways by Macro Roundup® AI

  1. The US pool of college-aged Americans is expected to shrink after 2025, pushing schools toward a "demographic cliff" in which a steadily dropping population of people in their late teens and early 20s leaves desks and classrooms empty.
  2. Many smaller, lesser-known US colleges have already reached the precipice, firing professors, paring back liberal arts courses in favor of STEM, or closing altogether, with others likely to reach it in the next few years.
  3. Carleton College economics professor Nathan Grawe argues that higher education could muddle through a decline in one or two cohorts by admitting a few additional students and tightening belts, but faces one year after another of contraction.

Related Articles:

  • Labor Market Strength and Declining Community College Enrollment — Declines in U.S. college enrollment are concentrated in community colleges, with four-year institutions maintaining stable enrollments and over one-third of the apparent community college drop stemming from administrative reclassification. The authors estimate that stronger labor markets explain 60% of the community college enrollment decline over 2009-19.
  • Do Adults Have the Skills They Need to Thrive in a Changing World? — An international assessment of adult skills describes numeracy proficiency levels ranging from counting objects and adding small whole numbers at the lowest level, to extracting information from tables and graphs and performing basic arithmetic with money and percentages at Level 1, up to analysing complex mathematical information and critically evaluating whether data support a claim at Level 5.
  • Changes in the College Mobility Pipeline Since 1900 — Students from the bottom third of parental income now earn less than half the college enrollment wage premium of top-third students. The authors attribute this mainly to the rising relative value of research universities, lower-income students' diversion to community and for-profit colleges, and their shift from computer science and engineering into humanities.
  • Education
    • College
    • Test Scores
  • Workforce
    • Demographics

How Mississippi Transformed Its Schools From Worst to Best

AI Summary. Adjusted for poverty and student demographics, Mississippi ranks first nationally in fourth-grade reading and math and at or near the top in eighth grade, according to the Urban Institute. The state changed reading instruction and adopted accountability policies that credit schools for student progress, with double credit for the bottom 25%.

Sarah Mervosh New York Times
Date Posted:
January 13, 2026
Is Database:
Database

Controlling for poverty and demographics, Mississippi has the best outcomes for fourth-grade reading and math, and is near the top in eighth-grade scores. In absolute terms, “eighth graders still rank 41st on national tests for reading, and 35th for math.”

Controlling for poverty and demographics, Mississippi has the best outcomes for fourth-grade reading and math, and is near...

How did one state's reading instruction and accountability reforms raise test scores?

Core argument: Adjusted for poverty and other student demographics, Mississippi ranks No. 1 nationally in fourth grade reading and math and at or near the top in eighth grade, according to the Urban Institute.

Adjusted for poverty and other student demographics, Mississippi is No. 1 for fourth grade reading and math, and at or near the top in eighth grade, according to the Urban Institute. Mississippi’s gains have been confined mostly to the early years, where the state has focused its efforts. The system revolves around standardized testing, and the gains have not always persisted. By raw scores, Mississippi eighth graders still rank 41st on national tests for reading, and 35th for math. The state pushed through a vast list of other changes from the top down, including changing the way reading is taught, in an approach known as the science of reading, but also embracing contentious school accountability policies other states have backed away from. Unlike No Child Left Behind, the Bush-era federal law that set a goal of having every child in America be proficient in reading and math, Mississippi also measures how much students progress toward proficiency. Schools get credit if students show improvement — and double credit for the improvement of students in the bottom 25%.

Takeaways by Macro Roundup® AI

  1. Adjusted for poverty and other student demographics, Mississippi ranks No. 1 nationally in fourth grade reading and math and at or near the top in eighth grade, according to the Urban Institute.
  2. Mississippi's gains are concentrated in the early grades where the state focused its efforts, and by raw scores its eighth graders still rank 41st in reading and 35th in math on national tests.
  3. Mississippi's accountability system, unlike No Child Left Behind's proficiency goal, credits schools for student progress toward proficiency and gives double credit for improvement among students in the bottom 25%.

Related Articles:

  • Many Children Left Behind: The 2024 National Assessment of Educational Progress Results Indicate a Five-Alarm Fire — The share of US fourth-grade students meeting the National Assessment of Educational Progress reading proficiency standard fell from 35% in 2019 to 33% in 2022 and 30% in 2024. More fourth-graders now score below the basic level than score proficient.
  • Twelfth-Grade Math and Reading Scores in U.S. Hit New Low — U.S. twelfth-graders' average math and reading scores on the National Assessment of Educational Progress fell to their lowest levels on record, with math the worst since that test began in 2005 and reading below any point since 1992. The share rated proficient slid 2 percentage points to 35% in reading and 22% in math.
  • Do Adults Have the Skills They Need to Thrive in a Changing World? — An international assessment of adult skills describes numeracy proficiency levels ranging from counting objects and adding small whole numbers at the lowest level, to extracting information from tables and graphs and performing basic arithmetic with money and percentages at Level 1, up to analysing complex mathematical information and critically evaluating whether data support a claim at Level 5.
  • Education
    • K-12
    • Test Scores
  • Workforce
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