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Postsecondary Education as Triage: Returns to Academic and Technical Programs

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Abstract

This paper examines the labor market outcomes of individuals with various types of postsecondary educational experiences. In particular, it examines differences between students who have pursued technical education programs from those who have pursued academic programs and from those individuals who have not pursued any type of postsecondary education. Empirical evidence is presented concerning the relationship between economic outcomes and grades earned and the degree to which the labor market rewards credentials. Wage and earnings models yield different structural parameter estimates when based on the three different populations. The differences are most dramatic for high school background effects and for postsecondary characteristics. The empirical results from the technique used to correct for self-selection suggest that individuals' choices into the three postsecondary tracks are not the result of absolute advantage.

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  • Kevin Hollenbeck, 1992. "Postsecondary Education as Triage: Returns to Academic and Technical Programs," Upjohn Working Papers 92-10, W.E. Upjohn Institute for Employment Research.
    • Handle: RePEc:upj:weupjo:92-10
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    1. Cameron, Stephen V & Heckman, James J, 1993. "The Nonequivalence of High School Equivalents," Journal of Labor Economics, University of Chicago Press, vol. 11(1), pages 1-47, January.
    2. Mcmahon, Walter W., 1991. "Relative returns to human and physical capital in the U.S. and efficient investment strategies," Economics of Education Review, Elsevier, vol. 10(4), pages 283-296, December.
    3. Altonji, Joseph G, 1993. "The Demand for and Return to Education When Education Outcomes Are Uncertain," Journal of Labor Economics, University of Chicago Press, vol. 11(1), pages 48-83, January.
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    Cited by:

    1. Gaulke, Amanda & Cassidy, Hugh & Namingit, Sheryll, 2019. "The effect of post-baccalaureate business certificates on job search: Results from a correspondence study," Labour Economics, Elsevier, vol. 61(C).
    2. Louis S. Jacobson & Robert J. LaLonde & Daniel G. Sullivan, 2003. "Should we teach old dogs new tricks? the impact of community college retraining on older displaced workers," Working Paper Series WP-03-25, Federal Reserve Bank of Chicago.
    3. Fatma El-Hamidi, 2004. "General or Vocational? Evidence on School Choice, Returns, and “Sheep Skin” Effects from Egypt 1998," Working Papers 0406, Economic Research Forum, revised 01 Aug 2004.
    4. Grubb, W. Norton, 2002. "Learning and earning in the middle, part I: national studies of pre-baccalaureate education," Economics of Education Review, Elsevier, vol. 21(4), pages 299-321, August.
    5. Louis Jacobson & Robert J. Lalonde & Daniel Sullivan, 2005. "The Impact of Community College Retraining on Older Displaced Workers: Should We Teach Old Dogs New Tricks?," ILR Review, Cornell University, ILR School, vol. 58(3), pages 398-415, April.
    6. Darolia, Rajeev & Guo, Chuanyi & Kim, Youngran, 2023. "The Labor Market Returns to Very Short Postsecondary Certificates," IZA Discussion Papers 16081, Institute of Labor Economics (IZA).
    7. Denisova, Irina & Kartseva, Marina, 2007. "A Premium for a Degree in Engineering: An Estimation of Returns to the Field-Specific Education in Russia," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 5(1), pages 30-57.
    8. Moenjak, Thammarak & Worswick, Christopher, 2003. "Vocational education in Thailand: a study of choice and returns," Economics of Education Review, Elsevier, vol. 22(1), pages 99-107, February.
    9. Mona Said & Fatma El-Hamidi, 2008. "Taking Technical Education Seriously in MENA: Determinants, Labor Market Implications and Policy Lessons," Working Papers 450, Economic Research Forum, revised 09 Jan 2008.

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    More about this item

    Keywords

    postsecondary; education; labor; market; outcomes; Hollenbeck;
    All these keywords.

    JEL classification:

    • J0 - Labor and Demographic Economics - - General
    • I2 - Health, Education, and Welfare - - Education

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