In-school work experience and the returns to two-year and four-year colleges

Building on the existing education literature, [the authors] address two interrelated questions. First, how sensitive are estimated returns to two-year and four-year colleges to the inclusion of in-school work experience? Second, do the estimated returns to in-school work experience vary by type of...

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Bibliographic Details
Published in:Economics of education review 2005-08, Vol.24 (4), p.459-468
Main Authors: Molitor, Christopher J, Leigh, Duane E
Format: Article
Language:English
Subjects:
Arbeit
Bildungsrendite
Bildungsökonomie
College
Colleges
Educational economics
Einkommen
Erfahrung
Hochschulbildung
Praxis
Rate of return
Return on Investment
Student Employment
Studiendauer
Studium
USA
Wirkung
Work Experience
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Summary:Building on the existing education literature, [the authors] address two interrelated questions. First, how sensitive are estimated returns to two-year and four-year colleges to the inclusion of in-school work experience? Second, do the estimated returns to in-school work experience vary by type of educational institution attended? Regarding the first question, [the authors] find that in-school work experience is an important determinant of earnings, and that if in-school work experience is not taken into account, estimated returns to schooling estimates will be upwardly biased. Returns to education categories that do not involve the awarding of a degree, such as attending a two-year college, appear to be especially sensitive to the inclusion of in-school work experience. Our evidence on the second question indicates that estimated returns to in-school work experience also vary with type of schooling. [The authors] find that work experience acquired while attending a community college has a relatively large effect, suggesting that schooling and work are more complementary for two-year than four-year colleges. (DIPF/Orig.).
ISSN:0272-7757
1873-7382
DOI:10.1016/j.econedurev.2004.09.003