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Changes in the returns to education and college quality

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  • Long, Mark C.

Abstract

This paper estimates changes in the effects of educational attainment and college quality on three cohorts of students observed during the 1970s, 1980s, and 1990s. Consistent with most of the prior literature, I find that educational attainment and college quality raise earnings, and the magnitudes of these effects have increased over time. The new contributions of this paper are the following: (1) changes in these effects are disaggregated by sex, race, and parent's SES, and include estimates of effects on earnings, labor force participation, family formation, and civic participation; (2) evidence of larger increases in the effects of education on earnings and labor force participation for men, Blacks, and Hispanics; (3) declining effects of educational attainment on voter registration; and (4) increasing effects of college quality on delaying marriage and childbearing, particularly for males.

Suggested Citation

  • Long, Mark C., 2010. "Changes in the returns to education and college quality," Economics of Education Review, Elsevier, vol. 29(3), pages 338-347, June.
  • Handle: RePEc:eee:ecoedu:v:29:y:2010:i:3:p:338-347
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    Cited by:

    1. Friedline, Terri & Elliott, William & Nam, Ilsung, 2013. "Small-dollar children's saving accounts and children's college outcomes by race," Children and Youth Services Review, Elsevier, vol. 35(3), pages 548-559.
    2. Volker Meier & Ioana Cosmina Schiopu, 2015. "Why Academic Quality in Higher Education Declines," CESifo Working Paper Series 5480, CESifo Group Munich.
    3. Chen, Weiwei & Grove, Wayne A. & Hussey, Andrew, 2012. "The payoff to school selectivity: An application of Dale and Krueger’s method to MBA programs," Economics Letters, Elsevier, vol. 116(2), pages 247-249.
    4. Dillon, Eleanor & Smith, Jeffrey A., 2015. "The Consequences of Academic Match between Students and Colleges," IZA Discussion Papers 9080, Institute for the Study of Labor (IZA).
    5. Milla, Joniada, 2017. "The Context-Bound University Selectivity Premium," IZA Discussion Papers 11025, Institute for the Study of Labor (IZA).
    6. Castleman, Benjamin L. & Owen, Laura & Page, Lindsay C., 2015. "Stay late or start early? Experimental evidence on the benefits of college matriculation support from high schools versus colleges," Economics of Education Review, Elsevier, vol. 47(C), pages 168-179.
    7. Jason Fletcher & David Frisvold, 2010. "College Quality and Young Adult Health Behaviors," Emory Economics 1007, Department of Economics, Emory University (Atlanta).
    8. Caviris, Nicole Stefanie, 2014. "Educational attainment, college major choice, the gender wage gap, and average starting salaries of college graduates in the United States, 1967-2011," ISU General Staff Papers 201401010800004865, Iowa State University, Department of Economics.
    9. Andrews, Rodney & Li, Jing & Lovenheim, Michael F., 2014. "Heterogeneous paths through college: Detailed patterns and relationships with graduation and earnings," Economics of Education Review, Elsevier, vol. 42(C), pages 93-108.
    10. Gicheva, Dora, 2016. "Student loans or marriage? A look at the highly educated," Economics of Education Review, Elsevier, vol. 53(C), pages 207-216.
    11. Castleman, Benjamin L. & Owen, Laura & Page, Lindsay C., 2016. "Reprint of “Stay late or start early? Experimental evidence on the benefits of college matriculation support from high schools versus colleges”," Economics of Education Review, Elsevier, vol. 51(C), pages 113-124.
    12. David L. Sjoquist & John V. Winters, 2016. "The Effects of State Merit Aid Programs on Attendance at Elite Colleges," Southern Economic Journal, Southern Economic Association, vol. 83(2), pages 527-549, October.
    13. repec:spr:reihed:v:58:y:2017:i:8:d:10.1007_s11162-017-9451-5 is not listed on IDEAS
    14. Chakrabarti, Rajashri & Roy, Joydeep, 2013. "Merit aid, student mobility, and the role of college selectivity," Staff Reports 641, Federal Reserve Bank of New York.
    15. Joniada Milla, 2012. "University Quality and Labour Market Outcomes of Canadian Youth," Working Papers 1212, University of Guelph, Department of Economics and Finance.
    16. Howell, Jessica S. & Pender, Matea, 2016. "The costs and benefits of enrolling in an academically matched college," Economics of Education Review, Elsevier, vol. 51(C), pages 152-168.
    17. Bulman, George, 2017. "Weighting recent performance to improve college and labor market outcomes," Journal of Public Economics, Elsevier, vol. 146(C), pages 97-108.
    18. Henderson, Daniel J. & Polachek, Solomon W. & Wang, Le, 2011. "Heterogeneity in schooling rates of return," Economics of Education Review, Elsevier, vol. 30(6), pages 1202-1214.
    19. Peter Arcidiacono & Michael Lovenheim, 2016. "Affirmative Action and the Quality-Fit Trade-Off," Journal of Economic Literature, American Economic Association, vol. 54(1), pages 3-51, March.
    20. repec:spr:reihed:v:59:y:2018:i:1:d:10.1007_s11162-017-9457-z is not listed on IDEAS
    21. Fletcher, Jason M. & Frisvold, David E., 2011. "College selectivity and young adult health behaviors," Economics of Education Review, Elsevier, vol. 30(5), pages 826-837, October.
    22. repec:spr:demogr:v:54:y:2017:i:5:d:10.1007_s13524-017-0601-3 is not listed on IDEAS
    23. repec:bla:ausecr:v:50:y:2017:i:3:p:338-347 is not listed on IDEAS
    24. Kamal Vatta & Takahiro Sato, 2012. "Indian Labour Markets and Returns to Education, 1983 to 2009-10," Discussion Paper Series DP2012-33, Research Institute for Economics & Business Administration, Kobe University.
    25. Hinrichs, Peter, 2014. "Affirmative action bans and college graduation rates," Economics of Education Review, Elsevier, vol. 42(C), pages 43-52.

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    Keywords

    Rate of return Human capital;

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