ERIC Number: EJ1423002
Record Type: Journal
Publication Date: 2024-Jun
Pages: 33
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0002-8312
EISSN: EISSN-1935-1011
Degrees of Return: Estimating Internal Rates of Return for College Majors Using Quantile Regression
Liang Zhang; Xiangmin Liu; Yitong Hu
American Educational Research Journal, v61 n3 p577-609 2024
Using data collected from more than 5.8 million high school and college graduates ages 18 to 65 years who participated in the American Community Survey between 2009 and 2021, the authors estimate the internal rates of return (IRRs) for individuals with college degrees in 10 broad majors compared with high school graduates. The analysis shows significant differences in the age-earnings trajectories and IRRs across college majors. Furthermore, quantile regression analyses show that IRR is generally higher at the high end of the earnings distribution compared with the low end. Finally, the authors observed a slight decrease in IRR during the study period, which is consistent with the flattening and even decline in college wage premiums following the 2008 Great Recession.
Descriptors: High School Graduates, College Graduates, National Surveys, Outcomes of Education, Educational Attainment, Academic Degrees, Income, Wages, Trend Analysis, Tuition, Costs
SAGE Publications. 2455 Teller Road, Thousand Oaks, CA 91320. Tel: 800-818-7243; Tel: 805-499-9774; Fax: 800-583-2665; e-mail: journals@sagepub.com; Web site: https://bibliotheek.ehb.be:2993
Publication Type: Journal Articles; Reports - Research
Education Level: High Schools; Secondary Education; Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Assessments and Surveys: American Community Survey
Grant or Contract Numbers: N/A