ERIC Number: EJ1109543
Record Type: Journal
Publication Date: 2016
Pages: 20
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0964-5292
EISSN: N/A
The Returns to Quality in Graduate Education
Stevenson, Adam
Education Economics, v24 n5 p445-464 2016
This paper estimates the monetary return to quality in US graduate education, controlling for cognitive ability and self-selection across award level, program quality, and field-of-study. In most program types, I cannot reject the hypothesis of no returns to either degree completion or program quality. Important exceptions include master's programs in health science, where completion substantially increases earnings, and in MBA and professional degree programs, where program quality has a positive influence on earnings. I explore the job characteristics that predict greater earnings among students with tertiary education, and I estimate the returns to quality in terms of non-monetary job benefits.
Descriptors: Graduate Study, Educational Quality, Cognitive Ability, Specialization, Hypothesis Testing, Cost Effectiveness, Graduation Rate, Outcomes of Education, Educational Benefits, Predictor Variables, College Outcomes Assessment, Bachelors Degrees, Income, Robustness (Statistics), Models, Education Work Relationship
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: United States
Grant or Contract Numbers: N/A