ROPS 2020

Financiers have regained preeminence among economic elites, accruing growing shares of income and wealth. Yet network analyses have shown a decline in the bank-based interlocks between corporate boards that were once thought to foster financier power and elite cohesion. We ask if social organizations parallel to the economy provide a circuitry that connects financiers to other elites, despite growing complexity and fragmentation in finance. We develop and test hypotheses that apply the theory to elite university social ties using original data on degree holding among the Forbes 400...

Proposition 209 banned race-based affirmative action at California public universities in 1998. This study analyzes Prop 209's impact on student outcomes using a difference-in-difference research design and a newly-constructed longitudinal database linking all 1994-2002 University of California applicants to their college enrollment, course performance, major choice, degree attainment, and wages into their mid-30s. Ending affirmative action caused UC's 10,000 annual underrepresented minority (URM) freshman applicants to cascade into lower-quality public and private universities. URM...

On May 21, 2020, the University of California (UC) Board of Regents unanimously approved the suspension of the standardized test requirement (ACT/SAT) for all California freshman applicants until fall 2024. UC plans to create a new test that better aligns with the content the University expects students to have mastered for college readiness. However, if a new test does not meet specified criteria in time for fall 2025 admission, UC will eliminate the standardized testing requirement for California students. The Board’s decision is the seeming culmination of a 19 year debate over the role...

We are living in an era of artificial intelligence (AI). There is wide discussion about and experimentation with the impact of AI on education/higher education. In this paper, we give a discussion of how AI is evolving, explore the ways AI is changing education/higher education, give a concise account of the skills universities need to teach their students to prepare them for an AI world of work, and talk succinctly about the changing nature of jobs and the workforce.

Like California, South Korea’s system of higher education is a work in progress. Each must evolve and reshape themselves at various points in their histories in their quest for relevancy and, increasingly, to external pressures and demands of governments and, more generally, society. Utilizing California’s pioneering higher education system as a comparative lens, I provide an outsider’s view of South Korea’s higher education system from two perspectives. First, a national system viewpoint: How is the higher education eco-system organized and managed, and what funding and other incentives...

One of the major claims of the report of University of California’s Task Force on Standardized Testing is that SAT and ACT scores are superior to high-school grades in predicting how students will perform at UC. This finding has been widely reported in the news media and cited in several editorials favoring UC’s continued use of SAT/ACT scores in university admissions. But the claim is spurious, the statistical artifact of a classic methodological error: omitted variable bias. Compared to high-school grades, SAT/ACT scores are much more strongly correlated with student demographics like...