5. Returns to education have
always been substantial
Annual Earnings
(Inflation-adjusted) 1975
$80,000
$70,000
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0
Less than High Some 4 Year Advanced
High School College, AA Degree Degree
School Graduate Degree
April 2013
6. But have increased
sharply over the past 25
Annual Earnings
(Inflation-adjusted)
years Now
$80,000
$70,000
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0
Less than High Some 4 Year Advanced
High School College, AA Degree Degree
School Graduate Degree
April 2013
8. The hypothesis
• Better educated metropolitan areas have
higher incomes
• Better skilled workers are more innovative
and productive
April 2013
9. The evidence
Education Explains Most Differences in Metro Income
Annual Per Capita Income, 2005
NY
$50,000
$48,000
SEA
$46,000 HAR DEN
MIN
PHI
$44,000 HOU BAL
SAN y = 763.27x + 16466
CHI R2 = 0.5846
$42,000 MIA
NO DAL
LA
MIL
$40,000 PIT
LV DET RIC
CHA
NASIND
STL
BIR PRI SAC KC
JAC
CLE
$38,000 CIN POR
RAL
LOU ROC COL ATL AUS
MEMTPA OKC
$36,000 VB SLC
PHO
BUF
$34,000 SAT ORL
$32,000
$30,000
15 20 25 30 35 40 45
April 2013 Percent of Population with a 4-Year College Degree, 2006
Sources: BEA (Income), Census (Education)
11. Estimating the gain
• Each 1% improvement in college
attainment is associated with a $763 $856
increase in per capita income for the entire
metropolitan area
• These education gains are the product of
a shift in the entire skill distribution, not
just moving 1% past the 4 year mark
April 2013
13. -2
Employment chan
Those with an Associate's degree or some college People with high
school diplomas
education lost 1.75 million jobs in recession.
-3 or less lost
Only those with BAs have seen
-4
230,000
jobs by
February 2012
in recovery.
-5
net job gains since 2007
-6
Those with a high school
diploma or less lost 5.6 million
jobs altogether in recession.
High school
diploma or less
Some college or
Associate's degree
-7
Recession Recovery Bachelor's degree
or better
Source: Authors estimate of the Current Population S
’ urvey data (2007–2012.) Employment includes all workers aged 18 and older.
Note: e monthly employment numbers are seasonally adjusted using the U.S Census Bureau X-12 procedure and smoothed using four-month moving averages.
.
e graph represents the total employment losses by education since the beginning of the recession in December 2007 to January 2010 and employment gains in
recovery from January 2010 to February 2012.
TA LE1: Jo gainsbyindividualsw B
B b ith achelo degreeso better m upfo over athirdo lo
r's r ade r f ssesbytho w highscho l diplo as.
se ith o m
Educatio A
nal ttainment Jo C e
b hang Percent Jo C e(%
b hang )
Recession* R very**
eco Net C e***
hang Recession* R very**
eco Net C e***
hang
H school or le
igh ss -5,611,000 -230,000 -5,841,000 -10% 0% -10%
S ecolle / Associate de e
om ge 's gre -1,752,000 1,592,000 -160,000 -4% 4% 0%
B lor'sde eor be r
ache gre tte 187,000 2,012,000 2,199,000 0% 4% 5%
All -7,176,000 3,374,000 -3,802,000 -5% 2% -3%
Source: Authors estimate using Current Population S
’ urvey data (2007–2012). Employment includes all workers aged 18 and older.
* Recession – e period from December 2007 to J anuary 2010.
** Recovery – e period from January 2010 to February 2012.
*** Net Change – e period from December 2007 to February 2012.
April 2013
THEC LLE EA A G : W A E IN TH E O O ICS R
O G DV NTA E E TH R G E C N M TO M 5
15. The Talent Dividend Prize
• Prize: $1 million to the winning metro
• 57 Competing Metropolitan Areas
• The Talent Dividend Prize will be awarded
to the city that exhibits the greatest
increase in the number of post secondary
degrees granted per one thousand
population over a four-year period
April 2013
16. Calculation details
• Data Sources:
– Degrees Awarded: IPEDS
– Population: Census Bureau, ACS
• Weighting
– 2-year degrees: 1 point
– 4-year and higher degrees, 2 points
• Base Year: 2009-10
• Final Year: 2012-13
• Rules: http://ceosforcities.org/talent/rules.html
April 2013
17. Scoring degrees
IPEDS Degree Classifications Points
Associate's degree 1
Bachelor's degree 2
Master's degree 2
Doctor's degree - research/scholarship 2
Doctor's degree - professional practice 2
Doctor's degree – other 2
April 2013
18. Base year
• 2009-10 Academic Year is the base year
for the Talent Dividend Competition
• Participating Cities were provided with
“Provisional Baseline Reports” in xxx and
given the opportunity to review and correct
them
• The baseline is now established
April 2013
19. Year one reports
• Compare 2009-10 (base year) with 2010-
11 (year one).
• Two reports
– Detail: Results by institution
– Summary: Metro area totals and score
• Data from IPEDS, and are preliminary
April 2013
20. Talent Dividend First Year Report
Philadelphia-Camden-Wilmington- PA-NJ-DE-MD Metropolitan Area (CBSA)
Post-Secondary Degrees Awarded, 2010-2011
Metropolitan area totals from IPEDS
2010 2011 Change Pct. Change
Degrees Awarded
AA Degrees Awarded 12,488 13,021 533 4.3%
BA and higher Degrees Awarded 59,562 61,751 2,189 3.7%
Summary Point Calculation
AA (1 point)
BA and higher (2 points)
Total Points
12,488
119,124
131,612
13,021
123,502
136,523 4,911 3.7%
report Population
Points per 100,000 population
5,965,343
2,206
5,992,414
2,278
27,071
72
0.5%
3.3%
Data is preliminary and subject to verification and revision.
IPEDS data current as of March 19, 2013.
Talent Dividend Prize and associated programs are generously supported by:
April 2013
21. Summary report
Talent Dividend First Year Report
Philadelphia-Camden-Wilmington- PA-NJ-DE-MD Metropolitan Area (CBSA)
Post-Secondary Degrees Awarded, 2010-2011
Metropolitan area totals from IPEDS
2010 2011 Change Pct. Change
Degrees Awarded
AA Degrees Awarded 12,488 13,021 533 4.3%
BA and higher Degrees Awarded 59,562 61,751 2,189 3.7%
Point Calculation
AA (1 point) 12,488 13,021
BA and higher (2 points) 119,124 123,502
Total Points 131,612 136,523 4,911 3.7%
Population 5,965,343 5,992,414 27,071 0.5%
Points per 100,000 population 2,206 2,278 72 3.3%
April 2013 is preliminary and subject to verification and revision.
Data
IPEDS data current as of March 19, 2013.
22. Data is preliminary and subject to verification and revision.
IPEDS data current as of March 19, 2013.
Talent Dividend First Year Report
Institution Detail Report
Philadelphia-Camden-Wilmington- PA-NJ-DE-MD Metropolitan Area
2009-10 Academic Year 2010-11 Academic Year
Detail
Institution AA BA and Higher AA BA and Higher
Abington Memorial Hospital Dixon School of Nursing - - - -
Academy of Massage and Bodywork - - - -
Academy of Vocal Arts - - - -
All-State Career School-Allied Health Campus - - - -
All-State Career School-Lester - - - -
report American College
Anthem Institute-Cherry Hill
Anthem Institute-Springfield
Antonelli Institute
Antonelli Medical and Professional Institute
Arcadia University
-
-
-
-
-
85
-
-
-
-
74
1,034
-
-
-
-
-
97
-
-
-
-
68
1,029
Aria Health School of Nursing - - - -
Automotive Training Center - - - -
Aviation Institute of Maintenance-Philadelphia - - - -
Bethel Seminary of the East - 12 - 19
Biblical Theological Seminary - 57 - 62
Bryn Athyn College of the New Church 24 25 18 38
Bryn Mawr College - 448 - 432
Buck's County School of Beauty Culture Inc 16 - 5 -
Bucks County Community College 807 - 806 -
Burlington County College 1,201 - 1,262 -
Cabrini College - 1,116 - 1,061
Calvary Baptist Theological Seminary - 11 - 26
Camden County College 1,528 - 1,727 -
Cecil College 190 - 235 -
Center for Arts and Technology-Brandywine Campus - - - -
Chestnut Hill College 1 518 1 574
Cheyney University of Pennsylvania - 196 - 180
CHI Institute-Philadelphia 116 - 105 -
Community College of Philadelphia 1,677 - 1,667 -
Cooper Health System Center for Allied Health Education - - - -
Cortiva Institute-Pennsylvania School of Muscle Therapy - - - -
Curtis Institute of Music - 31 - 27
Dawn Career Institute Inc - - - -
Delaware College of Art and Design 60 - 76 -
Delaware County Community College 998 - 1,228 -
Delaware County Technical School-Practical Nursing Program - - - -
Delaware Technical and Community College-Stanton-Wilmington 522 - 573 -
Delaware Valley College 3 461 2 459
DeVry University-Pennsylvania 31 282 44 222
DeVry University's Keller Graduate School of Management-Pennsylvania - - - 135
Talent Dividend Prize and associated programs are generously supported by:
April 2013
23. All-State Career School-Lester - - - -
American College - 74 - 68
Talent Dividend First Year Report
Anthem Institute-Cherry Hill - - - -
Antonelli Institute
Detail report
Anthem Institute-Springfield -
85
-
-
-
97
-
-
Antonelli Medical and Professional Institute
Institution Detail Report - - - -
Arcadia University - 1,034 - 1,029
Aria Health School of Nursing - - - -
Philadelphia-Camden-Wilmington- PA-NJ-DE-MD Metropolitan Area
Automotive Training Center - - - -
Aviation Institute of Maintenance-Philadelphia - - - -
Bethel Seminary of the East - 12 - 19
2009-10 Academic Year 2010-11 Academic Year
Biblical Theological Seminary - 57 - 62
Institution AA BA and Higher AA BA and Higher
Bryn Athyn College of the New Church 24 25 18 38
Bryn Mawr College - 448 - 432
Abington Memorial Hospital Dixon School of Nursing - - - -
Buck's County School of Beauty Culture Inc 16 - 5 -
Academy of Massage and Bodywork - - - -
Bucks County Community College 807 - 806 -
Academy of Vocal Arts - - - -
Burlington County College 1,201 - 1,262 -
All-State Career School-Allied Health Campus - - - -
Cabrini College - 1,116 - 1,061
All-State Career School-Lester - - - -
Calvary Baptist Theological Seminary - 11 - 26
American College - 74 - 68
Camden County College 1,528 - 1,727 -
Anthem Institute-Cherry Hill - - - -
Cecil College 190 - 235 -
Anthem Institute-Springfield - - - -
Center for Arts and Technology-Brandywine Campus - - - -
Antonelli Institute 85 - 97 -
Chestnut Hill College 1 518 1 574
Antonelli Medical and Professional Institute - - - -
Cheyney University of Pennsylvania
April 2013 - 196 - 180
Arcadia University - 1,034 - 1,029
24. Year one progress
Population-adjusted college completion
change, 2009-10 to 2010-11:
• 47 Metros recorded increases
• 3 Metros recorded declines
• 7 Metros were unchanged (increase or
decrease of less than 0.5%)
April 2013
25. Validating Results
• Year one results are preliminary
• Participating cities should validate their
IPEDS-based data with local institutions
• Though rare, reporting errors do occur
– Wrong data
– Mis-classification
– Administrative Changes
April 2013
27. IPEDS Key Dates
Talent Academic Reporting “Early Public
Dividend Year Deadline Release” Availability
Year Date
Base 2009-10 October 2010 May 2011 October 2011
1 Year 2010-11 October 2011 May 2012 October 2012
2 Years 2011-12 October 2012 May 2013 October 2013
3 Years 2012-13 October 2013 May 2014 October 2014
4 Years 2013-14 October 2014 May 2015 October 2015
April 2013
43. IPEDS Access
“Early release files . . . should not be used for national, state
or other aggregate estimates”
April 2013
44. Reporting Institutions
• Branch institution: A campus or site of an
educational institution that is not
temporary, is located in a community
beyond a reasonable commuting distance
from its parent institution, and offers full
programs of study, not just courses.
http://nces.ed.gov/ipeds/glossary/
April 2013
Notes de l'éditeur
Carnevale, et al, The College Advantage, 2012 (http://cew.georgetown.edu/collegeadvantage/)
* Recession – The period from December 2007 to January 2010.** Recovery – The period from January 2010 to February 2012.*** Net Change – The period from December 2007 to February 2012.