The Effects of Two-Year College on the Labor Market and Schooling Experiences of Young Men
Open Access
- 1 January 1997
- journal article
- Published by Board of Governors of the Federal Reserve System in Finance and Economics Discussion Series
- Vol. 1997.0 (44) , 1-51
- https://doi.org/10.17016/feds.1997.44
Abstract
This paper uses the NLSY to examine (1) the returns to two-year college, (2) whether attendance at a two-year college helps students to transfer to four-year college, and (3) whether reducing tuition would alter attendance enough to affect labor outcomes. I find that the returns to a year of two-year college are large (7 to 10 percent). Completing an associate's degree raises wages further. One year of two-year credits has the same effect on subsequent four-year attendance as one year of four-year credits. Finally, simulations show that reducing tuition could raise income modestly by increasing college attendance.Keywords
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