How Much is Your Education Worth? The Economic Return of Private Nonprofit, Private For-Profit and Public Higher Education
2017
Loading...
View/Download File
Persistent link to this item
Statistics
View StatisticsJournal Title
Journal ISSN
Volume Title
Title
How Much is Your Education Worth? The Economic Return of Private Nonprofit, Private For-Profit and Public Higher Education
Authors
Published Date
2017
Publisher
Type
Thesis or Dissertation
Abstract
Over the past three decades, the real cost of a baccalaureate education has outpaced inflation. As college attendance becomes increasingly prevalent, many economists have researched the benefits recognized over the life course of college educated individuals. Using tuition and earnings data from the Department of Education website, College Scorecard, this study compares the average economic returns of an education at public, private nonprofit and private for-profit baccalaureate granting universities across the United States. To estimate earnings over the life course, earnings data on college graduates ten years after the initial enrollment of college were fit to a Mincerian earnings model, allowing the NPV by governance to be estimated. To account for differences in incoming student quality, ACT scores were controlled for by comparing the relative “value added” of private nonprofit and public universities. Results indicate on average, private nonprofit universities consistently produce higher value for their students, with public institutions ranking second and private for-profit institutions providing the least value. Finally, results indicate that private nonprofit institutions add more value for their students than public institutions, when controlling student quality by ACT score.
Description
Related to
Replaces
License
Collections
Series/Report Number
Funding information
Isbn identifier
Doi identifier
Previously Published Citation
Other identifiers
Suggested citation
Lee, Elias. (2017). How Much is Your Education Worth? The Economic Return of Private Nonprofit, Private For-Profit and Public Higher Education. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/189097.
Content distributed via the University Digital Conservancy may be subject to additional license and use restrictions applied by the depositor. By using these files, users agree to the Terms of Use. Materials in the UDC may contain content that is disturbing and/or harmful. For more information, please see our statement on harmful content in digital repositories.