NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Value of Postsecondary Credentials in the Labor Market: An Experimental Study

David J. Deming, Noam Yuchtman, Amira Abulafi, Claudia Goldin, Lawrence F. Katz

NBER Working Paper No. 20528
Issued in September 2014, Revised in January 2016

---- Acknowledgements ----

This research is supported in part by the Institute of Education Sciences, U.S. Department of Education, through Grant R305C110011 to Teachers College, Columbia University. We thank Olivia Chi, Natalia Emanuel, Barbara Halla, Glenda Oskar, Megan Prasad, Lauren Reisig, Ali Rohde, Adela Soliz, Shichen Wang, Jonathan Whittinghill and Wenyu Zhou for superb research assistance. We also thank seminar participants at Harvard University, NYU, Princeton University, UC-Santa Barbara and the NBER Summer Institute for helpful feedback. The authors declare that they have no relevant or material financial interests that relate to the research described in this paper. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Claudia Goldin ----

This research is supported in part by the Institute of Education Sciences, U.S. Department of Education, through Grant R305C110011 to Teachers College, Columbia University and the Center for Analysis of Postsecondary Education and Employment (CAPSEE). This study has been approved by the Harvard IRB (IRB13-1856) and was submitted to the American Economic Association Randomized Controlled Trial Registry on March 30, 2014.

---- Disclosure of Financial Relationships for Lawrence F. Katz ----

I am a member of the Board of Trustees of the Russell Sage Foundation, the Board of Directors of the Manpower Demonstration Research Corporation, and the Panel of Economic Advisers of the Congressional Budget Office.

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