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ERIC Number: ED652136
Record Type: Non-Journal
Publication Date: 2024-May
Pages: 39
Abstractor: As Provided
ISBN: N/A
ISSN: N/A
EISSN: N/A
Noncredit Workforce Training, Industry Credentials, and Labor Market Outcomes. EdWorkingPaper No. 24-959
Di Xu; Kelli A. Bird; Michael Cooper; Benjamin L. Castleman
Annenberg Institute for School Reform at Brown University
Many public workforce training programs lead to industry-recognized, third-party awarded credentials, but little research has been conducted on the economic benefits of these credentials in the labor market. This paper provides quasi-experimental evidence on the labor market returns to industry-recognized credentials connected to community college workforce noncredit training programs. Based on novel data that includes approximately 24,000 working-age adults enrolled in noncredit workforce training programs at the Virginia Community College System, we employ a comparative individual-level fixed effects model to estimate earnings premia net of fixed attributes and earnings time-trends. Our results indicate that earning an industry-recognized credential, on average, increases quarterly earnings by approximately $1,000 and the probability of being employed by 2.4 percentage points, although there is substantial heterogeneity in economic return across different program fields. Back-of-the-envelope calculations suggest that the earnings gains associated with the industry credential obtained through the noncredit workforce training would exceed program costs in just over half a year on average.
Annenberg Institute for School Reform at Brown University. Brown University Box 1985, Providence, RI 02912. Tel: 401-863-7990; Fax: 401-863-1290; e-mail: AISR_Info@brown.edu; Web site: http://www.annenberginstitute.org
Publication Type: Reports - Research
Education Level: Higher Education; Postsecondary Education; Two Year Colleges
Audience: N/A
Language: English
Sponsor: Lumina Foundation; Institute of Education Sciences (ED)
Authoring Institution: Annenberg Institute for School Reform at Brown University
Identifiers - Location: Virginia
IES Funded: Yes
Grant or Contract Numbers: 20111114811; R305A220224