Posted tagged ‘college’

The Coming Matriarchy in the U.S.

February 12, 2013

I received a great comment/question  about my post “Why Can’t a Man Graduate More Like a Women” asking about the potential impact of Title IX on the rise in the percentage of female college graduates relative to male college graduates.  I didn’t have a good answer or much empirical evidence then but as is my custom I responded as if I did.

Title IX is most often identified with efforts to equalize opportunities to participate in intercollegiate sports for women but its real purpose was to prevent discrimination in education based on sex.  Title IX is a portion of the Education Amendments of 1972 and is also known as the Equal Opportunity in Education Act, it said:

No person in the United States shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any education program or activity receiving federal financial assistance…

Rules for its implementation were finalized in 1975 and since it was implemented the number of young women attending college on a full or part-time basis has increased by 138% compared to 47% for young men.

Male Female Enrollment Growth

Since the percentage of young women and young men hasn’t changed much since 1975, the differential growth rate is attributable to increasing enrollment rates for women.   I can’t say  how much of this is attributable to Title IX, a lot of things began to change for young women in the 1970s and female enrollments jumped between 1970 and 1975 as well (see chart below).

Male_Female Pct of Enrollment

Women now comprise about 57 percent of all undergraduate students in this country.  The growth trend seems to have stabilized somewhat in recent years – recessions tend to limit employment opportunities for young men more than for young women and this can prompt greater college enrollment among young men.

Male_female Unemployment Rates

A lot of progress has been made by women in this country since 1975 but it is hard not to see the association between the growth in female college enrollment and implementation of Title IX.  I am sure some readers will note Title IX’s shortcomings and more may object on principle to anything that seeks to equalize opportunities among our citizens.  But ideology often causes temporary or permanent blindness.  I’ve noted my interest in gender issues as the father of daughters and I blog frequently about gender and economics (select  the “gender” category to see some) but the issue has profound implications for the future of this country;  economic, political, as well as social.  Women are increasingly contributing to the quality of  “human capital” in this country.  There are now more women working in New Hampshire than men.  It is a great development that would be even greater absent the disturbing trends among young men.

From a political perspective (isn’t everything political these days?) the feminization of the workforce as I have called it (not pejoratively) along with the relationship between educational attainment (college graduates) and voting for Democratic candidates should prompt leaders of the Republican Party in this country to consider their relatively lack of appeal to women, especially younger women because as I see it, and as my daughters no doubt hope, it won’t be long before women will rule this country.

The Looming Crisis in Student Debt

February 1, 2013

Student loan debt has grown much faster than other types of debt.  As the chart below shows, student loan debt has been exploding  and now exceeds both credit card and auto loan debt in the country.

Student debt volume

According to a recent study by Fair Issac Inc. (FICO), newer vintage loans have a much higher risk of default.  Higher debt loads for graduates and non-graduates have combined with protracted weakness in the labor market (especially for recent graduates) to produce a dramatic increase in the volume of  delinquent student loans.  Although the volume of student loan debt has never been close to the volume of mortgage debt in this country (mortgage debt peaked at about $9.3 trillion in 2008 while student loan debt is just now reaching $1 trillion), there is still the potential for rising defaults to have significant impacts on many financial institutions, if not the system as a whole.  The percentage of student loans that are seriously delinquent is currently twice as high as the percentage of mortgage loans that are seriously delinquent.  Despite student loans being a much smaller overall volume of debt than mortgages, the dollar volume of seriously delinquent student debt is over $30 billion and climbing compared to $8o billion of seriously delinquent mortgage debt on an aggregate balance that is nine times the volume of student loan debt.

seriously delinquent student debt


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