Labor Market Returns to Sub-Baccalaureate Credentials: How Much Does a Community College Degree Or Certificate Pay? PDF Download

Author: Mina Dadgar
Publisher:
ISBN:
Category :
Languages : en
Pages : 45

View

Book Description
This study provides one of the first estimates of the returns to different types of community college credentials--short-term certificates, long-term certificates, and associate degrees--across different fields of study. We exploit a rich dataset that includes matched, longitudinal college transcripts and Unemployment Insurance records for students who entered a Washington State community college in 2001-2002, and we use an individual fixed effects identification strategy to control for both observed and unobserved student characteristics that are time invariant. We find that earning an associate degree leads to positive increases in wages in almost every field (compared with earning some credits but not obtaining a credential), but that the magnitude of these effects varies greatly by field. For example, while earning an associate degree in the humanities and social sciences increases earnings by 5 percent for women, earning an associate degree in nursing increases women's earnings by 37 percent. Further, our analysis by field of study reveals that the returns to associate degrees are higher than the returns to long-term and short-term certificates within almost every field, but that a larger proportion of long-term certificates tend to be offered in high-return fields. Our findings also suggest that, unlike associate degrees and long-term certificates, short-term certificates have little or no effect on wages in most fields of study when compared with earning some credits and leaving college without a credential. Finally, the impact of credential receipt on the probability of employment and on hours worked per week is at least as significant in magnitude as the impact on wages. This suggests that part of the returns to earnings estimated in previous literature results from the greater employability of students who earn a credential rather than from increases in human capital as measured by wages. (Contains 9 tables, 2 figures and 22 footnotes.).

Author: María Marta Ferreyra
Publisher: World Bank Publications
ISBN: 1464817073
Category : Business & Economics
Languages : en
Pages : 236

View

Book Description
Higher education in Latin America and the Caribbean (LAC) has expanded dramatically in the new millennium, yet enrollment in short-cycle programs (SCPs) is still relatively low. Shorter and more practical than bachelor’s programs, SCPs can form skilled human capital fast. The economic crisis created by the COVID-19 pandemic has accentuated underlying trends, such as automation, the use of electronic platforms, and the need for lifelong learning. Addressing these demands requires the urgent upskilling and reskilling of the population—a task for which SCPs are uniquely suited. The Fast Track to New Skills: Short-Cycle Higher Education Programs in Latin America and the Caribbean explores the labor market out¬comes and returns of SCPs, examines their providers, and identifies the practices adopted by the best programs. Relying on unique data that includes a novel survey of SCP directors in five LAC countries, it finds that while SCPs generate, on average, good labor market out¬comes, they vary greatly in quality. SCP providers respond quickly and flexibly to local economy needs; and specific practices related to faculty, job search assistance, and interaction with prospective em¬ployers are distinctive of the best programs. Drawing on these findings, The Fast Track to New Skills discusses how to create an environment where good programs are offered and students have the interest and means to attend them. It draws attention to a higher education sector that has been typically overlooked, both in research and policy. The Fast Track to New Skills will be of interest to policy makers, researchers, and the public at large.

Author: Robert K. Toutkoushian
Publisher: Springer
ISBN: 9401775060
Category : Education
Languages : en
Pages : 398

View

Book Description
This book examines the many ways in which economic concepts, theories and models can be used to examine issues in higher education. The topics explored in the book include how students make college-going decisions, the payoffs to students and society from going to college, markets for higher education services, demand and supply in markets for higher education, why and how state and federal governments intervene in higher education markets, college and university revenues and expenditures, how institutions use net-pricing strategies and non-price product-differentiation strategies to pursue their goals and to compete in higher education markets, as well as issues related to faculty labor markets. The book is written for both economists and non-economists who study higher education issues and provides readers with background information and thorough explanations and illustrations of key economic concepts. In addition to reviewing the contributions economists have made to the study of higher education, it also examines recent research in each of the major topical areas. The book is policy-focused and each chapter analyses how contemporary higher education policies affect the behaviour of students, faculty and/or institutions of higher education. "Toutkoushian and Paulsen attempted a daunting task: to write a book on the economics of higher education for non-economists that is also useful to economists. A book that could be used for reference and as a textbook for higher education classes in economics, finance, and policy. They accomplish this tough balancing act with stunning success in a large volume that will serve as the go-to place for anyone interested in the history and current thinking on the economics of higher education.” William E. Becker, Jr., Professor Emeritus of Economics, Indiana University

Author: Michael N. Bastedo
Publisher: JHU Press
ISBN: 1421444410
Category : Education
Languages : en
Pages : 571

View

Book Description
Now in its fifth edition! An indispensable reference for anyone concerned with the future of American colleges and universities. Whether it is advances in information technology, organized social movements, or racial inequality and social class stratification, higher education serves as a lens for examining significant issues within American society. First published in 1998, American Higher Education in the Twenty-First Century offers a comprehensive introduction to the complex realities of American higher education, including its history, financing, governance, and relationship with the states and federal government. This thoroughly revised edition brings the classic volume completely up to date. Each chapter has been rewritten to address major recent issues in higher education, including the COVID-19 pandemic, the movement for racial justice, and turmoil in the for-profit sector. Three entirely new chapters cover broad-access colleges, race and racism, and organized social movements. Reflecting on the implications of ethnic and socioeconomic diversity within higher education, the book also grapples with growing concerns about the responsiveness and future of the academy. No other book covers such wide-ranging issues under the broader theme of higher education's relationship to society. Highly acclaimed and incorporating cutting-edge research, American Higher Education in the Twenty-First Century is now more useful and engaging than ever. Contributors: Michael N. Bastedo, Philip G. Altbach, Patricia J. Gumport, Peter Riley Bahr, Joy Blanchard, Julia Brickfield, Michael Brown, Katherine S. Cho, Daniela Conde, Charles H. F. Davis III, Hans de Wit, Peter D. Eckel, Martin Finkelstein, Denisa Gándara, Liliana M. Garces, Roger L. Geiger, Leslie D. Gonzales, Jillian Leigh Gross, Jessica Harris, Nicholas Hillman, Julia Rose Karpicz, Robert Kelchen, Adrianna Kezar, Lisa R. Lattuca, Demetri Morgan, Rebecca Natow, Anna Neumann, Audrey Peek, Laura W. Perna, Gary Rhoades, Tykeia N. Robinson, Roman Ruiz, Wonson Ryu, Lauren T. Schudde, Jeffrey C. Sun, David A. Tandberg

Author:
Publisher: Elsevier
ISBN: 0323992412
Category : Business & Economics
Languages : en
Pages : 614

View

Book Description
The Handbook of the Economics of Education describes the research frontier in key topical areas and sets the agenda for further work. Modern analysis in the economics of education has made tremendous strides in understanding fundamental issues related to the production of human capital and the impact of varying institutional features of education systems. By bringing together some of the world's leading scholars, this volume provides a unique view of scholarship in the area. The international perspectives of the editors – Hanushek at Stanford, Machin at LSE, and Woessmann at Munich – leads to a volume with something for all researchers. Topics range from the economics of early childhood education to inequality in society to cash transfers in developing countries. - Identification and evaluation of the state of the art. - Clear descriptions of the meaning of existing research and the most likely avenues for the future - Insights into how policy interventions in education can help or hurt human capital outcomes

Author: Katherine S. Newman
Publisher: Macmillan
ISBN: 1627793283
Category : Business & Economics
Languages : en
Pages : 273

View

Book Description
From Katherine Newman, award-winning author of No Shame in My Game, and sociologist Hella Winston, a sharp and irrefutable call to reenergize this nation's long-neglected system of vocational training After decades of off-shoring and downsizing that have left blue collar workers obsolete and stranded, the United States is now on the verge of an industrial renaissance. But we don't have a skilled enough labor pool to fill the positions that will be created, which are in many cases technically demanding and require specialized skills. A decades-long series of idealistic educational policies with the expressed goal of getting every student to go to college has left a generation of potential workers out of the system. Touted as a progressive, egalitarian institution providing opportunity even to those with the greatest need, the American secondary school system has in fact deepened existing inequalities. We can do better, argue acclaimed sociologists Katherine Newman and Hella Winston. Taking a page from the successful experience of countries like Germany and Austria, where youth unemployment is a mere 7%, they call for a radical reevaluation of the idea of vocational training, long discredited as an instrument of tracking. The United States can prepare a new, high-performance labor force if we revamp our school system to value industry apprenticeship and rigorous technical education. By doing so, we will not only be able to meet the growing demand for skilled employees in dozens of sectors where employers decry the absence of well trained workers -- we will make the American Dream accessible to all.

Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
ISBN: 0309440092
Category : Technology & Engineering
Languages : en
Pages : 259

View

Book Description
Skilled technical occupationsâ€"defined as occupations that require a high level of knowledge in a technical domain but do not require a bachelor's degree for entryâ€"are a key component of the U.S. economy. In response to globalization and advances in science and technology, American firms are demanding workers with greater proficiency in literacy and numeracy, as well as strong interpersonal, technical, and problem-solving skills. However, employer surveys and industry and government reports have raised concerns that the nation may not have an adequate supply of skilled technical workers to achieve its competitiveness and economic growth objectives. In response to the broader need for policy information and advice, Building America's Skilled Technical Workforce examines the coverage, effectiveness, flexibility, and coordination of the policies and various programs that prepare Americans for skilled technical jobs. This report provides action-oriented recommendations for improving the American system of technical education, training, and certification.

Author: Sean R. Gallagher
Publisher: Harvard Education Press
ISBN: 161250969X
Category : Education
Languages : en
Pages : 275

View

Book Description
2017 Phillip E. Frandson Award for Literature in the Field of Professional, Continuing, and/or Online Education, University Professional and Continuing Education Association (UPCEA) The Future of University Credentials offers a thorough and urgently needed overview of the burgeoning world of university degrees and credentials. At a time of heightened attention to how universities and colleges are preparing young people for the working world, questions about the meaning and value of university credentials have become especially prominent. Sean Gallagher guides us through this fast-changing terrain, providing much-needed context, details, and insights. The book casts a wide net, focusing on traditional higher education degrees and on the myriad certificates and other postsecondary awards that universities and other institutions now issue. He describes the entire ecosystem of credentials, including universities and colleges, employers, government agencies, policy makers and influencers—and, not least, the students whose futures are profoundly affected by these certifications. And he looks intently at where university credentials might be headed, as educational institutions seek to best serve students and employers in a rapidly changing world. The result is an unprecedented, comprehensive look at the current credentialing landscape in higher education—as well as at the future challenges and opportunities for this vital field.

Author: Smith, Dimitra J.
Publisher: IGI Global
ISBN: 1799841243
Category : Education
Languages : en
Pages : 190

View

Book Description
Community colleges are essential in preparing the 21st century workforce. Research has indicated that there is a shortage of individuals prepared for skilled workforce opportunities, such as plumbers, electricians, and many others. In fact, while college is essential in workforce development, it is not the only route that can lead to a successful livelihood. Developing a skill that transfers into an essential trade is a route less taken. Community colleges are ideally situated to respond to the shortage of a prepared workforce by providing an array of programs that reach a wide range of individuals with talents that may not include a college degree. Community Colleges and Workforce Preparation in the 21st Century: Emerging Research and Opportunities is a comprehensive reference source that covers the essential role of community colleges in developing a skilled workforce via varying educational opportunities that include degree completion, workforce development, and skill enhancement. Readers will benefit from the book’s ability to advocate for the need for individuals with skillful trade options, provide different areas to consider as trade options, discuss the role of community colleges in preparing a workforce, examine the challenges that can arise for individuals with a trade, and present a global outlook on the workforce of the 21st century. Covering topics that include career pathways and STEM programs, the book is especially valuable for academic institutions that are looking to provide options for talent expansion. Leadership and education scholars, leadership practitioners within community college and university settings, leaders within workforce development sectors, researchers, and students will also find this reference useful for developing a skilled and competent workforce.

Author: Harry J. Holzer
Publisher: Brookings Institution Press
ISBN: 0815730225
Category : Business & Economics
Languages : en
Pages : 163

View

Book Description
Practical solutions for improving higher education opportunities for disadvantaged students Too many disadvantaged college students in America do not complete their coursework or receive any college credential, while others earn degrees or certificates with little labor market value. Large numbers of these students also struggle to pay for college, and some incur debts that they have difficulty repaying. The authors provide a new review of the causes of these problems and offer promising policy solutions. The circumstances affecting disadvantaged students stem both from issues on the individual side, such as weak academic preparation and financial pressures, and from institutional failures. Low-income students disproportionately attend schools that are underfunded and have weak performance incentives, contributing to unsatisfactory outcomes for many students. Some solutions, including better financial aid or academic supports, target individual students. Other solutions, such as stronger linkages between coursework and the labor market and more structured paths through the curriculum, are aimed at institutional reforms. All students, and particularly those from disadvantaged backgrounds, also need better and varied pathways both to college and directly to the job market, beginning in high school. We can improve college outcomes, but must also acknowledge that we must make hard choices and face difficult tradeoffs in the process. While no single policy is guaranteed to greatly improve college and career outcomes, implementing a number of evidence-based policies and programs together has the potential to improve these outcomes substantially.