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ERIC Number: ED457910
Record Type: Non-Journal
Publication Date: 1997-Jun
Pages: 54
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
The Effects of Two-Year College on the Labor Market and Schooling Experiences of Young Men. Finance and Economics Discussion Series.
Surette, Brian J.
This report from the Federal Reserve Board examines 12 years of data from the National Longitudinal Survey of Youth (NLSY) to examine: (1) the labor market returns to two-year college; (2) whether attendance at a two-year college helps students to transfer to a four-year college; and (3) whether reducing the costs of college would alter attendance by enough to affect wages or income. The author used a sample of 3,202 individuals and 31,632 person years from an original NLSY sample of 12,686 men and women between the ages of 14 and 21. The results from this study suggest that the labor market benefits of two-year college attendance are much larger than previously reported, and are realized very early in men's careers. Between 1967 and 1994, two-year college attendance increased from 21% of all college students to 40%. Two-year college attendance is estimated to raise wages and expected annual income. Students with one year of two-year credits are expected to earn 8.5% more than those with a high school diploma. The author also finds that reductions in tuition costs of $300 and $700 per year would raise college attendance and translate into moderate wage and earnings gains. (Contains tables, figures, and 29 references.) (NB)
For full text: http://www.federalreserve.gov.
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: American Educational Research Association, Washington, DC.; National Center for Education Statistics (ED), Washington, DC.; National Science Foundation, Arlington, VA.
Authoring Institution: Board of Governors of the Federal Reserve System, Washington, DC.
Identifiers - Assessments and Surveys: National Longitudinal Survey of Youth