Who Receives the College Wage Premium? Assessing the Labor Market Returns to Degrees and College Transfer Patterns
AbstractUsing data from the 1979 National Longitudinal Survey of Youth, we estimate wage models in which college-educated workers are classified according to their degree attainment, college type, and college transfer status. The detailed taxonomy produces modest improvements in explanatory power relative to standard specifications, and reveals considerable heterogeneity in the predicted wages of college-educated workers. We find that transfer students receive an âindirectâ wage benefit insofar as changing colleges allows them to earn a degree. Some transfer students receive an additional âdirectâ wage benefit, presumably because switching schools increases their skill investment opportunities.
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Bibliographic InfoPaper provided by Ohio State University, Department of Economics in its series Working Papers with number 03-02.
Date of creation: Mar 2003
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- Audrey Light & Wayne Strayer, 2004. "Who Receives the College Wage Premium?: Assessing the Labor Market Returns to Degrees and College Transfer Patterns," Journal of Human Resources, University of Wisconsin Press, vol. 39(3).
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