Over the past century, the United States workforce has undergone a massive structural shift. Technological change has moved the economy toward skilled labor and away from unskilled labor--a phenomenon known as skill-biased technical change. This structural shift has increased the relative demand for educated and skilled labor, leading to…

This appendix documents the methodology used by the Georgetown University Center on Education and the Workforce to project educational demand within the US economy. The methodology produces forecasts using data from two private analytics companies. The authors use occupational forecasts provided by Lightcast that are calibrated to total employment…

The staggering highs and lows of the recent US economy and their effect on the labor force has been deeply unsettling. The US has come through the COVID-19 recession, the deepest economic downturn since the Great Depression, followed by the quickest recovery ever. One trend in the workforce has remained unaltered throughout this historic change:…

This report projects education requirements linked to forecasted job growth for all 50 states and the District of Columbia from 2021 through 2031. It complements a larger national report that projects education demand by occupation and industry for the same period. The national report finds that by 2031, 72 percent of all jobs nationally will…

Nineteen percent of 1997-98 North Carolina 3rd graders were observed to drop out of high school. A series of logits predict probabilities of dropping out on determinants such as math and reading test scores, absenteeism, suspension, and retention, at the following grade levels: 3rd, 5th, 8th, and 9th. The same cohort and variables are used to…

Leveraging the knowledge of an organization is an ongoing challenge that has given rise to the field of knowledge management. Yet, despite spending enormous sums of organizational resources on Information Technology (IT) systems, executives recognize there is much more knowledge to harvest. Prediction markets are emerging as one tool to help…

In recent years, there has been some dispute over the appropriate way to model decision making in professional sports leagues. In particular, Szymanski and Kesenne (2004) argue that formulating the decision-making problem in a noncooperative game leads to radically different conclusions about the nature of competition in sports leagues. The author…

Monotone methods enable comparative static analysis without the restrictive assumptions of the implicit-function theorem. Ease of use and flexibility in solving comparative static and game-theory problems have made monotone methods popular in the economics literature and in graduate courses, but they are still absent from undergraduate…

Intended to provide insight into the dynamics of demand analysis, this paper presents an eight-step method for forecasting sales. Focusing on sales levels that must be achieved to enjoy targeted profits in favor of the usual approach of emphasizing how much will be sold within a given period, a sample situation is provided to illustrate this…

A review and analysis of the economic outlook for the early 1980s, this paper emphasizes the uncertainties that characterize current predictions. It begins with the highlights of the consensus forecast that predicts a mild to moderate recession tapering off after midyear 1980, with a sluggish recovery extending through 1981 and probably 1982. The…

The objective of this study was to quantify the occupational structure of the Kansas economy and to develop a methodology for forecasting occupational requirements in 1980 for the State. The empirical results of this study are designed to serve as a basis for manpower planning. The Kansas input-output model was employed to project the output…

States that the Joint Council's "Framework" is deficient in the area of methodology because the theories and conclusions of the discipline are based mostly on private musings and introspection which is qualified through post-hoc regression analysis. Illustrates the problem with an example from unemployment, and concludes with a section…

Offers a critique of Bergmann's paper on the methodology of economics (see SO516713). Comments on the relationship between methodology and theory, considers the extent to which methodological and measurement concepts should be taught in precollegiate coursework, and offers suggestions on how such teaching might be accomplished. (JDH)

States that Bergmann's paper (see SO516713) misses the point of suggesting improvements in the Joint Council's "Framework." Concludes that the present "Framework" is conceptually adequate but could be improved with additional treatment of how economists 1) establish the relationship between variables, and 2) define and use the…

Part-time students' characteristics and teaching and testing preferences were correlated with performance on a standardized economics exam. Learning modules are described. Methods of pinpointing student weaknesses and predicting students' final results are discussed as they relate to other subjects. (MSE)