Understanding the Increased Time to the Baccalaureate Degree
John Bound and
Sarah Turner ()
No 06-043, Discussion Papers from Stanford Institute for Economic Policy Research
Time until completion of a baccalaureate degree has increased markedly over the last three decades. Between 1972 and 1992, average time to degree increased by more than one-quarter of a year, the completion rate among college attendees dropped from 51.1% to 45.3% and, among those receiving degrees, the percent receiving a degree within 4 years dropped from 56.8% to 43.6%. We assess the extent to which these shifts result from changes in the preparation of college students over time, reductions in collegiate resources, erosion in family circumstances, or other broad macro-economic adjustments. We produce evidence that increased stratification in U.S. higher education and reductions in collegiate resources outside the top-tier of institutions are a primary component of the explanation for the observed increases in time to degree. The shift toward initial enrollment at two-year institutions rather than four-year institutions accounts for some of the decline in completion rates. In addition, we find evidence of increased hours of employment among students, which is consistent with students working more to meet rising college costs.
Keywords: college degree; bachelors degree (search for similar items in EconPapers)
JEL-codes: I23 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (8) Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to www-siepr.stanford.edu:80
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sip:dpaper:06-043
Access Statistics for this paper
More papers in Discussion Papers from Stanford Institute for Economic Policy Research Contact information at EDIRC.
Bibliographic data for series maintained by Anne Shor ().