NEW RESEARCH—

How Schools Lie, a report by @laura_bmw uncovers how schools mislead students on financial aid & underestimate costs, leading to dropouts and transfers after the first year.

Read it here: phenomenalworld.org/analysis/how-s…

1/8 Colleges are increasingly “front-loading” aid, obscuring the fact that generous aid offered in a student's first year greatly diminishes in later years—

In 2018, 83% of colleges engaged in “front-loading” practices.

Read the press release here: jainfamilyinstitute.org/news/new-resea…

2/8

Student debt has exacerbated existing racial inequities, & cancellation can reduce the racial wealth gap. Student debt & struggles w/ repayment are greater among Black communities—

@RepPressley @RepMaxineWaters @SenSchumer's new resolution to #CancelStudentDebt responds to data: See extensive research on the debt crisis and visualizations of millennial student debt by @laura_bmw @Econ_Marshall @frnsys & @Edi_Nilaj here—

phenomenalworld.org/analysis/mille…

In December, @snaidunl came to JFI to present on an in-progress book with an unbeatable title (& an extra rare Norman Bethune reference in the third line):

"Terms of Service: Labor Market Power from American Slavery to Amazon Mechanical Turk."

a brief overdue summary thread/ He ran through a dense marathon of the (ever growing) monopsony evidence: in particular demonstrating the mounting evidence that quits are not very sensitive to mis-pricing of wages.

One implication of firm control over wages: they're between 50% to 20% below marginal product.