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Title: Who Benefits First? Whose Benefits Last? Economic Returns on College Over the Life Cycle
Resulting in 1 citation.
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Cheng, Siwei Brand, Jennie E. Zhou, Xiang Xie, Yu |
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Who Benefits First? Whose Benefits Last? Economic Returns on College Over the Life Cycle Presented: Denver CO, Population Association of America Annual Meeting, April 2018 Cohort(s): NLSY79 Publisher: Population Association of America Keyword(s): College Degree; Earnings; Educational Returns; Life Cycle Research; Propensity Scores Permission to reprint the abstract has not been received from the publisher. Most prior research on the college premium focuses on earnings at a certain age or averaged across the lifetime. We believe, however, that there are three important reasons for considering these college returns as varying over the life cycle. First, the economic benefits of college may emerge slowly rather than instantaneously over the career, therefore, college may be associated with a higher initial earnings as well as faster earnings growth rate. Second, individuals with varying propensity of attending college may also reap the returns to college at different life stages, which leads to the heterogeneity in the college premium across the propensity spectrum. Third, the life cycle variations in college premium may further depend on family and personal characteristics. Applying propensity-score based methods to data from NLSY79, our preliminary findings show that these three arguments are supported by empirical evidence in the United States. |
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Bibliography Citation
Cheng, Siwei, Jennie E. Brand, Xiang Zhou and Yu Xie. "Who Benefits First? Whose Benefits Last? Economic Returns on College Over the Life Cycle." Presented: Denver CO, Population Association of America Annual Meeting, April 2018. |