Increasing time to baccalaureate degree in the United States
By: John Bound, Michael F. Lovenheim, Sarah Turner
Contributors: Lovenheim, Michael F.; Turner, Sarah; National Bureau of Economic Research
Series: NBER working paper series -- working paper 15892; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15892.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Time to completion of the baccalaureate degree has increased markedly in the United States over the last three decades, even as the wage premium for college graduates has continued to rise.  Using data from the National Longitudinal Survey of the High School Class of 1972 and the National Educational Longitudinal Study of 1988, we show that the increase in time to degree is localized among those who begin their postsecondary education at public colleges outside the most selective universities.  In addition, we find evidence that the increases in time to degree were more marked amongst low income students.  We consider several potential explanations for these trends.  First, we find no evidence that changes in the college preparedness or the demographic composition of degree recipients can account for the observed increases.  Instead, our results suggest that declines in collegiate resources in the less-selective public sector increased time to degree.  Furthermore, we present evidence of increased hours of employment among students, which is consistent with students working more to meet rising college costs and likely increases time to degree by crowding out time spent on academic pursuits"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 4/13/2010.

Includes bibliographical references.

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