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An Economic Analysis of the Market for Law School Students

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  • Ronald G. Ehrenberg

Abstract

This study utilizes data from a number of sources to estimate how lawyers' starting salaries relate to their ability, the quality of law school they attended, and whether the law school was a private institution. Based upon this analysis, a benefit-cost analysis is conducted of the value of attending a high-quality private institution. Analyses are also done of how the financial attractiveness of law vis-a- vis other careers has changed in recent years and a conceptual framework discussed for law schools to use in allocating their financial aid resources.

Suggested Citation

  • Ronald G. Ehrenberg, 1988. "An Economic Analysis of the Market for Law School Students," NBER Working Papers 2602, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:2602
    Note: LS
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    Cited by:

    1. Tracy, Joseph & Waldfogel, Joel, 1997. "The Best Business Schools: A Market-Based Approach," The Journal of Business, University of Chicago Press, vol. 70(1), pages 1-31, January.
    2. Michael Simkovic & Frank McIntyre, 2014. "The Economic Value of a Law Degree," The Journal of Legal Studies, University of Chicago Press, vol. 43(2), pages 249-289.

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