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

Christopher Jepsen, Peter Mueser, Kenneth Troske and Kyung-Seong Jeon

No 10754, CESifo Working Paper Series from CESifo

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 (search for similar items in EconPapers)
JEL-codes: I26 J24 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-edu
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Working Paper: Estimates of Earnings Returns by Field of Study for For-Profit Schools and Community Colleges (2023)
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