The question of why postsecondary institutions produce different labor market outcomes is difficult to answer due to unobserved student characteristics. Here, I leverage students' geographic proximity to three classifications of postsecondary institutions -- earnings-enhancing, competitive, and Historically Black Colleges and Universities (HBCUs).…

We generate selection-adjusted NPV and IRR estimates for a bachelor's degree in the U.S. which account for time-to-graduation, debt financing and tuition levels. We find that a college degree is generally worthwhile, but the private value of the investment is a declining function of time-to-graduation. Selection-adjustments show that for students…

We use the method of Dominitz and Manski [1996. Eliciting student expectations of the return to schooling. "Journal of Human Resources" 31, no. 1: 1-26] to solicit anticipated wage distributions for continuing to a master degree or going to work after completing the bachelor degree. The means of the distributions have an effect on…