We started compiling a mishmash of eye-catching links through the holiday season and wanted to share some of them here — in one post.
First, Insider Higher Ed details a new working paper from three economists showing that US colleges are only “moderately responsive” to fluctuating labor markets. “The authors’ conclusion: In general, growth in employment opportunities and wages and demand for specific occupations do increase degree completion. But that relationship operates with a lag, with the strongest correlations occurring with a delay of four to seven years—the time it takes to earn an undergraduate or advanced degree.”
The Brookings Institute has an interesting look at the health of regional economies, called the MetroMonitor. Some cool maps are included, showing unemployment, overall performance, and GMP (see below).
Next, The New Republic has a piece on Congress directing the EDA to build the regional innovation clusters program. According to the article, the program “represents a new approach to economic policy, one that aims to harness the creative, competitive energies of industry at the ground level.”
On a larger economic development scale, Brian Kelsey of Civic Analytics offers a few intriguing questions as 2010 begins.