Comparing the Labor Market Return to An Associate Degree and to A Bachelor’s Degree
نویسنده
چکیده
College education has been shown to improve the labor market success of young people. Using data from the 1997 National Longitudinal Survey of Youth, I estimate a wage model and an unemployment model where respondents are grouped according to their degree attainment and college attendance. I find that associate degrees recipients get paid by 21-23 percent more than high school graduates while a bachelor’s degree is associated with an even higher wage premium. Similarly, college-educated people have a lower probability of unemployment. However, after controlling for types of colleges attended (two-year or four-year), a bachelor’s degree is no longer more beneficial than an associate degree in some years.
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