Examines the returns to subbaccalaureate credentials and coursework, using the postsecondary transcripts of the National Longitudinal Study of the Class of 1972. Results indicate substantial variety in the returns and suggest clear differences between the subbaccalaureate labor market and that for individuals with baccalaureate degrees. (56…

The Survey of Income and Program Participation (SIPP) was used to compare estimates of the benefits of education among different levels of education and thereby identify the returns to education and training in the subbaccalaureate labor market. The study data consisted of information on the educational attainment and income of 14,537 (7,981…