Singell, Larry D., Jr.
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Item Open Access A Mismatch Made in Heaven: A Hedonic Analysis of Overeducation and Undereducation(University of Oregon, Dept. of Economics, 2003-12) McMillen, Daniel P.; Seaman, Paul T.; Singell, Larry D. Jr.Prior work suggests coordination failure between labour and education markets leads some workers to have educational qualifications in excess of those specified for the job (overeducation) and others to have less (undereducation). This paper empirically models and tests the hypothesis that overeducation and undereducation arise out of a hedonic matching process that maximises net benefits to workers and firms over the life of the match. Specifically, the overeducated begin in low-paying, entry-level jobs early in their careers that prepare them for higher-paying future positions that require their educational background, whereas the undereducated start in lower-paying, exactly-educated jobs that can signal skills necessary for promotion. The empirical model shows that, because all workers are exactly-educated during at least a portion of their career, the type of educational match cannot be directly identified using a cross-section, but may be imputed from the differences between predicted and observed qualifications of the worker and predicted and observed requirements of the firm. The empirical analysis uses a rich cross-section of British working-age males to identify match types. Using contemporaneous, forward- and backward-looking data, we confirm that over and undereducated matches differ in their on-the-job training and promotion opportunities, which yield a trade-off in the pre- versus post-match return to human capital.Item Open Access Hope for the Pell? The Impact of Merit-Aid on Needy Students(University of Oregon, Dept. of Economics, 2004-02) Singell, Larry D. Jr.; Waddell, Glen R.; Curs, Bradley R., 1977-Prior empirical evidence finds that merit-aid programs such as the Georgia Hope Scholarship yield large and significant enrollment effects, whereas need-based aid programs such as the Pell Grant yield modest and often insignificant enrollment effects. This paper uses unpublished panel data on the number and level of Pell awards at Southern universities along with detailed institutional data from the National Center of Educational Statistics to examine whether the Georgia Hope Scholarship improved the college access of needy students relative to other Southern states. Fixed-effect analyses show that large increases in merit aid improve college access of needy students and leverage Hope Scholarship funds with greater federal Pell assistance. Whereas most institution-specific increases in both Pell enrollment and funding are found for two-year and less selective, four-year institutions, the results also suggest that Pell students are not crowded out of more selective schools by Hope’s intent to retain the best Georgia high-school students.Item Open Access For Whom the Pell Tolls: Market Power, Tuition Discrimination, and the Bennett Hypothesis(University of Oregon, Dept. of Economics, 2003-04-10) Singell, Larry D. Jr.; Stone, Joe A.Are federal Pell grants "appropriated" by universities through increases in tuition - consistent with what is known as the Bennett hypothesis? Based on a panel of 71 universities from 1983 to 1996, we find little evidence of the Bennett hypothesis among either public or lower-ranked private universities. For top-ranked private universities, though, increases in Pell grants appear to be more than matched by increases in net tuition. The behavior most consistent with this result is price discrimination that is not purely redistributive from wealthier to needier students.