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

Christopher Jepsen, Peter R. Mueser (), Kenneth Troske and Kyung-Seong Jeon ()
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Peter R. Mueser: University of Missouri, Columbia
Kyung-Seong Jeon: University of Missouri-Columbia

No 16568, IZA Discussion Papers from Institute of Labor Economics (IZA)

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)
Pages: 39 pages
Date: 2023-10
New Economics Papers: this item is included in nep-lma and nep-ure
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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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