Estimates of Earnings Returns by Field of Study for For-Profit Schools and Community Colleges

39 Pages Posted: 3 Nov 2023

See all articles by Christopher Jepsen

Christopher Jepsen

University College Dublin (UCD)

Peter Mueser

University of Missouri at Columbia

Kenneth R. Troske

University of Kentucky - Department of Economics; University of Missouri at Columbia - Department of Economics; IZA Institute of Labor Economics

Kyung-Seong Jeon

University of Missouri at Columbia

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Abstract

This paper estimates labor-market returns for students pursuing certificates or associate's degrees in eight broad fields of study at community colleges and for-profit institutions. The data contain 400,000 students beginning their studies between 2005 and 2012 in one state. We estimate two-step models to address recent econometric concerns with two-way fixed effects models. Our analyses show important differences in return by field, with similar patterns for for-profit schools and community colleges. Apart from those studying in health fields, returns are generally greater for those attending for-profit schools than those attending community colleges. Higher estimated overall returns for for-profit schools are not primarily due to differences in areas of study.

Keywords: postsecondary education, labor-market returns, for-profit schools

JEL Classification: J24, I26

Suggested Citation

Jepsen, Christopher and Mueser, Peter and Troske, Kenneth R. and Jeon, Kyung-Seong, Estimates of Earnings Returns by Field of Study for For-Profit Schools and Community Colleges. IZA Discussion Paper No. 16568, Available at SSRN: https://ssrn.com/abstract=4622013 or http://dx.doi.org/10.2139/ssrn.4622013

Christopher Jepsen (Contact Author)

University College Dublin (UCD) ( email )

Belfield
Belfield, Dublin 4 4
Ireland

Peter Mueser

University of Missouri at Columbia ( email )

332 Cornell Hall
Columbia, MO Columbia 65211
United States

Kenneth R. Troske

University of Kentucky - Department of Economics ( email )

Lexington, KY 40506
United States

University of Missouri at Columbia - Department of Economics ( email )

118 Professional Building
Columbia, MO 65211
United States
573-882-4229 (Phone)
573-882-2697 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Kyung-Seong Jeon

University of Missouri at Columbia ( email )

332 Cornell Hall
Columbia, MO Columbia 65211
United States
573-882-5566 (Phone)
573-882-2697 (Fax)

HOME PAGE: http://economics.missouri.edu/people/jeon.shtml

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