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Author: San, Gee
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San, Gee |
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The Early Labor Force Experience of College Students and their Post-College Success Economics of Education Review 5,1 (Winter 1986): 65-76. Also: http://www.sciencedirect.com/science/article/pii/0272775786901640 Cohort(s): Young Men Publisher: Elsevier Keyword(s): College Education; Earnings; Labor Force Participation; Part-Time Work Research on the part-time employment of college students has concentrated on the effect of in-school employment on academic achievement and study persistence (completion of the degree program). However, none of the studies that addressed on-campus employment has examined the impact of college students' part-time employment on their post- college success. Studies which focus only on college students' academic achievement or study persistence do not tell whether the students' part-time employment will ultimately affect their post-college success. This study seeks to fill the gap in the literature by examining the impact of college students' labor force experience on their post-college success. In particular, a model is developed of college students' postcollege earnings in which earnings depend upon the students' family income, family background, quality of education, and labor market experience, as well as other observable and unobservable individual effects. Pooled time-series cross-section data from the NLS of Young Men 14-24 (1966-1975) are used to estimate this model. The results of the study provide insights into the answers to several related questions of policy importance. How do students' work or nonwork time activities affect their academic success and their post-college wages? How do financial aid packages affect students' post-college earnings? Given that cuts in financial aid have been enacted and are likely to be maintained in the future, how will such cuts affect students' work-time decisions and their post-college earnings? Empirical evidence from this study suggests that students' in school work experience has a positive effect on their post-college earnings for at least three years but has no effect on their employment. In some specifications of the model, the positive effect on earnings lasts at least five years. The empirical evidencealso shows that cuts in student financial aid will inevitably induce students to work more. This may either adversely affect students' study persistence or favorably increase their post-college earnings because of the benefits of in-school labor force experience. The net effect of these two contrasting forces proves to be positive for the sample used; a cut in financial aid appears to increase expected future earnings. |
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Bibliography Citation
San, Gee. "The Early Labor Force Experience of College Students and their Post-College Success." Economics of Education Review 5,1 (Winter 1986): 65-76.
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