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Author: Chaudhary, Latika
Resulting in 2 citations.
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Cellini, Stephanie Riegg Chaudhary, Latika |
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The Labor Market Returns to a For-Profit College Education Economics of Education Review 43 (December 2014): 125-140. Also: http://www.sciencedirect.com/science/article/pii/S0272775714000934 Cohort(s): NLSY97 Publisher: Elsevier Keyword(s): College Characteristics; College Degree; College Enrollment; Colleges; Earnings; Geocoded Data; Modeling, Fixed Effects A lengthy literature estimating the returns to education has largely ignored the for-profit sector. In this paper, we estimate the earnings gains to for-profit college attendance using restricted-access data from the 1997 National Longitudinal Survey of Youth (NLSY97). Using an individual fixed effects estimation strategy that allows us to control for time-invariant unobservable characteristics of students, we find that students who enroll in associate's degree programs in for-profit colleges experience earnings gains of about 10 percent relative to high school graduates with no college degree, conditional on employment. Since associate's degree students attend for an average of 2.6 years, this translates to a 4 percent return per year of education in a for-profit college, slightly lower than estimates of returns for other sectors found in the literature. |
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Bibliography Citation
Cellini, Stephanie Riegg and Latika Chaudhary. "The Labor Market Returns to a For-Profit College Education." Economics of Education Review 43 (December 2014): 125-140.
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Chaudhary, Latika Cellini, Stephanie Riegg |
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The Labor Market Returns to a For-Profit College Education Working Paper, Social Science Research Network (SSRN), June 17, 2012. Also: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2111598 Cohort(s): NLSY97 Publisher: Social Science Electronic Publishing, Inc. Keyword(s): College Characteristics; College Degree; College Enrollment; Colleges; Earnings Permission to reprint the abstract has not been received from the publisher. A lengthy literature estimating the returns to education has largely ignored the for-profit sector. In this paper, we offer some of the first causal estimates of the earnings gains to for-profit colleges. We rely on restricted-use data from the 1997 National Longitudinal Survey of Youth (NLSY97) to implement an individual fixed effects estimation strategy that allows us to control for time-invariant unobservable characteristics of students. We find that students who enroll in associate’s degree programs in for-profit colleges experience earnings gains between 6 and 8 percent, although a 95 percent confidence interval suggests a range from -2.7 to 17.6 percent. These gains cannot be shown to be different from those of students in public community colleges. Students who complete associate’s degrees in for-profit institutions earn around 22 percent, or 11 percent per year, and we find some evidence that this figure is higher than the returns experienced by public sector graduates. Our findings suggest that degree completion is an important determinant of for-profit quality and student success. |
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Bibliography Citation
Chaudhary, Latika and Stephanie Riegg Cellini. "The Labor Market Returns to a For-Profit College Education." Working Paper, Social Science Research Network (SSRN), June 17, 2012. |