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Increasing Time to Baccalaureate Degree in the United States

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Listed:
  • John Bound
  • Michael F. Lovenheim
  • Sarah Turner

Abstract

Time to completion of the baccalaureate degree has increased markedly in the United States over the last three decades, even as the wage premium for college graduates has continued to rise. Using data from the National Longitudinal Survey of the High School Class of 1972 and the National Educational Longitudinal Study of 1988, we show that the increase in time to degree is localized among those who begin their postsecondary education at public colleges outside the most selective universities. In addition, we find evidence that the increases in time to degree were more marked amongst low income students. We consider several potential explanations for these trends. First, we find no evidence that changes in the college preparedness or the demographic composition of degree recipients can account for the observed increases. Instead, our results suggest that declines in collegiate resources in the less-selective public sector increased time to degree. Furthermore, we present evidence of increased hours of employment among students, which is consistent with students working more to meet rising college costs and likely increases time to degree by crowding out time spent on academic pursuits.

Suggested Citation

  • John Bound & Michael F. Lovenheim & Sarah Turner, 2010. "Increasing Time to Baccalaureate Degree in the United States," NBER Working Papers 15892, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:15892
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    References listed on IDEAS

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    1. Terry T. Ishitani, 2006. "Studying Attrition and Degree Completion Behavior among First-Generation College Students in the United States," The Journal of Higher Education, Taylor & Francis Journals, vol. 77(5), pages 861-885, September.
    2. David Deming & Susan Dynarski, 2008. "The Lengthening of Childhood," Journal of Economic Perspectives, American Economic Association, vol. 22(3), pages 71-92, Summer.
    3. Stephen L. DesJardins & Dennis A. Ahlburg & Brian P. McCall, 2002. "A Temporal Investigation of Factors Related to Timely Degree Completion," The Journal of Higher Education, Taylor & Francis Journals, vol. 73(5), pages 555-581, September.
    4. Caroline M. Hoxby, 2009. "The Changing Selectivity of American Colleges," Journal of Economic Perspectives, American Economic Association, vol. 23(4), pages 95-118, Fall.
    5. Sarah Turner, 2004. "Going to College and Finishing College.Explaining Different Educational Outcomes," NBER Chapters, in: College Choices: The Economics of Where to Go, When to Go, and How to Pay For It, pages 13-62, National Bureau of Economic Research, Inc.
    6. Patrick Royston, 2004. "Multiple imputation of missing values," Stata Journal, StataCorp LLC, vol. 4(3), pages 227-241, September.
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    More about this item

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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