The labor market returns to a for-profit college education
Cellini, Stephanie Riegg
MetadataShow full item record
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% 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% return per year of education in a for-profit college, slightly lower than estimates of returns for other sectors found in the literature.
The article of record as published may be located at http://dx.doi.org/10.1016/j.econedurev.2014.10.001
Showing items related by title, author, creator and subject.
Wang, Chong; Miguel, Joseph San (2012);A long controversial issue that divides academics, government officials, elected representatives, and the U.S. defense industry is whether defense contractors earn abnormal or excessive profits at the expense of taxpayers. ...
Neels, Tom (Monterey, California: Naval Postgraduate School, 2014-09);Wang and San Miguel report that U.S. defense contractors earn excessive profits relative to their industry peers. This work provides the first evidence that this phenomenon is not restricted to the United States. By applying ...
Chatman, Tarus D.; Denney, Jessica L.; Rojas, Anthony A. (Monterey, California: Naval Postgraduate School, 2014-09);The President of the United States issued a call to action in 2010 for more emphasis on eradicating sexual assault on college campuses and in the U.S. military. As college and military leaders seek improvements in prevention, ...