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Autor/inn/en | Lobo, Bento J.; Burke-Smalley, Lisa A. |
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Titel | An Empirical Investigation of the Financial Value of a College Degree |
Quelle | In: Education Economics, 26 (2018) 1, S.78-92 (15 Seiten)Infoseite zur Zeitschrift
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
ISSN | 0964-5292 |
DOI | 10.1080/09645292.2017.1332167 |
Schlagwörter | Higher Education; Educational Attainment; Bachelors Degrees; Tuition; Debt (Financial); Educational Finance; Risk; Student Financial Aid; Salary Wage Differentials; Time to Degree; Majors (Students); Statistical Analysis |
Abstract | 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 at the lower end of the ability distribution and in some areas of study, a college degree may never be a good financial proposition; as such, we provide breakeven thresholds for tuition at which college remains viable. Debt financing generates higher returns but greater risk compared to self-financing. (As Provided). |
Anmerkungen | Routledge. Available from: Taylor & Francis, Ltd. 530 Walnut Street Suite 850, Philadelphia, PA 19106. Tel: 800-354-1420; Tel: 215-625-8900; Fax: 215-207-0050; Web site: http://www.tandf.co.uk/journals |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
Update | 2020/1/01 |