The Wage Effects of Not-for-Profit and For-Profit Certifications: Better Data, Somewhat Different Results
Using the Beginning Postsecondary Student Survey and Transcript Data, we find no statistically significant differential return to certificate or Associates degrees between for-profits and not-for-profits. Point estimates suggest a slightly lower return to a for-profit certificate and a slightly higher return to a for-profit Associates degree, largely because more students at not-for-profits earn a BA, making them less likely to have only an Associates degree. There is considerable variation in the return to certificates/degrees across majors, including many with negligible or negative returns. Differences across fields are large relative to differences across institution types.
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