Should I get a master’s degree?

Alexander J. Chesney

Economics of Education Review, 2022, vol. 91, issue C

Abstract: This paper examines workplace peer effects on advanced education attainment. Using administrative data from the U.S. Department of Defense (DoD) and conditional exogeneous assignment of employees to workplace, I provide empirical evidence that coworkers’ education investment behavior increases the likelihood of using Employer-Provided Educational Assistance (EPEA) benefits to start and eventually complete a graduate degree. I find a 10 percentage point (p.p.) increase in the proportion of peers using Tuition Assistance (TA) increases the probability of starting a master’s degree by 4.99 p.p. Additionally, a 10 p.p. increase in the proportion of coworkers that have finished an advanced degree increases completion rates by 2.71 p.p. within eight years in the organization.

Keywords: Peer effects; Student financial aid; Master’s degrees (search for similar items in EconPapers)
JEL-codes: C31 I22 I23 J24 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecoedu:v:91:y:2022:i:c:s0272775722001029

DOI: 10.1016/j.econedurev.2022.102329

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