Deferred Costs and Economic Returns to College Major, Quality, and Performance: Recent Trends. ASHE Annual Meeting Paper.

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Title: Deferred Costs and Economic Returns to College Major, Quality, and Performance: Recent Trends. ASHE Annual Meeting Paper.
Language: English
Authors: Thomas, Scott L.
Peer Reviewed: N
Page Count: 31
Publication Date: 1998
Sponsoring Agency: National Science Foundation, Arlington, VA.
National Center for Education Statistics (ED), Washington, DC.
American Educational Research Association, Washington, DC.
Document Type: Reports - Research
Speeches/Meeting Papers
Descriptors: College Graduates, College Outcomes Assessment, Debt (Financial), Education Work Relationship, Educational Benefits, Educational Economics, Followup Studies, Grade Point Average, Graduate Surveys, Higher Education, Loan Repayment, Longitudinal Studies, Majors (Students), Outcomes of Education, Salaries, Selective Colleges, Student Costs, Student Financial Aid, Trend Analysis
Assessment and Survey Identifiers: Baccalaureate and Beyond Longitudinal Study (NCES)
Abstract: This study examined college graduates' earnings and indebtedness one year after graduation. First, data from the first follow-up of the Baccalaureate & Beyond study (which followed a nationally representative sample of baccalaureate graduates from 1993) were used to describe the earnings distribution of full-time workers from various academic major areas. Second, a multi-level earnings model that incorporated demographic, family background, education, and labor market variables was developed; and, third, student indebtedness and student debt-to-earnings ratios were related to several individual-level and institutional-level variables (primarily from the Integrated Postsecondary Education Data System, 1993). Hierarchical linear modeling was used for data analysis. Results found three major influences on the initial earnings of college graduates and their debt ratios: (1) college major, with health-related and engineering majors earning the most and education and humanities majors the least; (2) college performance, as measured by grade point average, which had a positive impact on earnings and a negative impact on debt ratios; and (3) college quality, as measured by selectivity, which affected initial earnings but not debt ratios. (Contains 76 references and 7 tables.) (DB)
Entry Date: 1999
Accession Number: ED427581
Database: ERIC
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  Availability: 0
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  Data: Deferred Costs and Economic Returns to College Major, Quality, and Performance: Recent Trends. ASHE Annual Meeting Paper.
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  Data: English
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  Data: <searchLink fieldCode="AR" term="%22Thomas%2C+Scott+L%2E%22">Thomas, Scott L.</searchLink>
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  Data: N
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  Data: 31
– Name: DatePubCY
  Label: Publication Date
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  Data: 1998
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  Label: Sponsoring Agency
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  Data: National Science Foundation, Arlington, VA.<br />National Center for Education Statistics (ED), Washington, DC.<br />American Educational Research Association, Washington, DC.
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  Data: Reports - Research<br />Speeches/Meeting Papers
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  Data: <searchLink fieldCode="DE" term="%22College+Graduates%22">College Graduates</searchLink><br /><searchLink fieldCode="DE" term="%22College+Outcomes+Assessment%22">College Outcomes Assessment</searchLink><br /><searchLink fieldCode="DE" term="%22Debt+%28Financial%29%22">Debt (Financial)</searchLink><br /><searchLink fieldCode="DE" term="%22Education+Work+Relationship%22">Education Work Relationship</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Benefits%22">Educational Benefits</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Economics%22">Educational Economics</searchLink><br /><searchLink fieldCode="DE" term="%22Followup+Studies%22">Followup Studies</searchLink><br /><searchLink fieldCode="DE" term="%22Grade+Point+Average%22">Grade Point Average</searchLink><br /><searchLink fieldCode="DE" term="%22Graduate+Surveys%22">Graduate Surveys</searchLink><br /><searchLink fieldCode="DE" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="DE" term="%22Loan+Repayment%22">Loan Repayment</searchLink><br /><searchLink fieldCode="DE" term="%22Longitudinal+Studies%22">Longitudinal Studies</searchLink><br /><searchLink fieldCode="DE" term="%22Majors+%28Students%29%22">Majors (Students)</searchLink><br /><searchLink fieldCode="DE" term="%22Outcomes+of+Education%22">Outcomes of Education</searchLink><br /><searchLink fieldCode="DE" term="%22Salaries%22">Salaries</searchLink><br /><searchLink fieldCode="DE" term="%22Selective+Colleges%22">Selective Colleges</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Costs%22">Student Costs</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Financial+Aid%22">Student Financial Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Trend+Analysis%22">Trend Analysis</searchLink>
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– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: This study examined college graduates' earnings and indebtedness one year after graduation. First, data from the first follow-up of the Baccalaureate & Beyond study (which followed a nationally representative sample of baccalaureate graduates from 1993) were used to describe the earnings distribution of full-time workers from various academic major areas. Second, a multi-level earnings model that incorporated demographic, family background, education, and labor market variables was developed; and, third, student indebtedness and student debt-to-earnings ratios were related to several individual-level and institutional-level variables (primarily from the Integrated Postsecondary Education Data System, 1993). Hierarchical linear modeling was used for data analysis. Results found three major influences on the initial earnings of college graduates and their debt ratios: (1) college major, with health-related and engineering majors earning the most and education and humanities majors the least; (2) college performance, as measured by grade point average, which had a positive impact on earnings and a negative impact on debt ratios; and (3) college quality, as measured by selectivity, which affected initial earnings but not debt ratios. (Contains 76 references and 7 tables.) (DB)
– Name: DateEntry
  Label: Entry Date
  Group: Date
  Data: 1999
– Name: AN
  Label: Accession Number
  Group: ID
  Data: ED427581
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RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 31
    Subjects:
      – SubjectFull: College Graduates
        Type: general
      – SubjectFull: College Outcomes Assessment
        Type: general
      – SubjectFull: Debt (Financial)
        Type: general
      – SubjectFull: Education Work Relationship
        Type: general
      – SubjectFull: Educational Benefits
        Type: general
      – SubjectFull: Educational Economics
        Type: general
      – SubjectFull: Followup Studies
        Type: general
      – SubjectFull: Grade Point Average
        Type: general
      – SubjectFull: Graduate Surveys
        Type: general
      – SubjectFull: Higher Education
        Type: general
      – SubjectFull: Loan Repayment
        Type: general
      – SubjectFull: Longitudinal Studies
        Type: general
      – SubjectFull: Majors (Students)
        Type: general
      – SubjectFull: Outcomes of Education
        Type: general
      – SubjectFull: Salaries
        Type: general
      – SubjectFull: Selective Colleges
        Type: general
      – SubjectFull: Student Costs
        Type: general
      – SubjectFull: Student Financial Aid
        Type: general
      – SubjectFull: Trend Analysis
        Type: general
      – SubjectFull: Baccalaureate and Beyond Longitudinal Study (NCES)
        Type: general
    Titles:
      – TitleFull: Deferred Costs and Economic Returns to College Major, Quality, and Performance: Recent Trends. ASHE Annual Meeting Paper.
        Type: main
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          Name:
            NameFull: Thomas, Scott L.
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              M: 10
              Type: published
              Y: 1998
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