College Degree for Everyone?

Vitaliy Strohush () and Justin Wanner

International Advances in Economic Research, 2015, vol. 21, issue 3, 273 pages

Abstract: We employ data from the March CPS for the period between 1964 and 2011 to compute the present discounted values of a college degree and high school diploma for different percentiles of income distributions in both education categories. We find that for a median income individual net value of a college degree is always positive. At the same time, we show that a sizable fraction of the population who acquired higher education would be better off by not getting a college degree. This fraction depends on the type of institution and opportunity costs of going to college. Our findings are consistent with the recent data on delinquency rates on student loans. Copyright International Atlantic Economic Society 2015

Keywords: Student loans; Return to higher education; Tuition; E62; I00 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s11294-015-9527-y

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