Colleges and “Economic Mobility” Statistics

A group of economics/statistics researchers at Harvard University have a project called Opportunity Insights: “Our mission is to develop scalable policy solutions that will empower families throughout the United States to rise out of poverty and achieve better life outcomes.”

In 2017, the NYT published an op-ed (titled “America’s Great Working Class Colleges“) on one of their research projects: “The most comprehensive study of college graduates yet conducted, based on millions of anonymous tax filings and financial-aid records….the study tracked students from nearly every college in the country (including those who failed to graduate), measuring their earnings years after they left campus. The paper is the latest in a burst of economic research made possible by the availability of huge data sets and powerful computers.”

The op-ed discusses CUNY specifically, and has a handful of graphs showing some of the data.  But the NYT also created an interactive website which lets you explore the data for any college in the country. Take a look:

https://www.nytimes.com/interactive/projects/college-mobility

(The relevant concept from our course is that of percentiles; the data that is given is in terms of students’ family income percentiles, and specifically quintiles.)

“The Aging of America”: Frequency Histograms For US Population Age Distributions

Here are some examples of frequency histograms showing the age distributions of the US population at different times in history (and projected into the future):

A similar post appeared on WashingtonPost’s Wonkblog: (published: August 13, 2013)

  • “This is a mesmerizing little animation created by Bill McBride of Calculated Risk. It shows the distribution of the U.S. population by age over time, starting at 1900 and ending with Census Bureau forecasts between now and 2060.”

What do you notice about how the distributions evolve over time? Click thru to either the CalculatedRisk blog post on which this animation first appeared or to the WashingtonPost link to read some discussion.

Also here is a related set of histograms that were featured in the NYT Business section in May 2014, as part of an article titled “Younger Turn for a Graying Nation“:

NYT-graying

That was an installment of a weekly column in the NYT Business section titled “Off the Charts,” which discussed a graph and the underlying data.