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Author: Soh, Hoon Sahib
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Soh, Hoon Sahib |
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The Rate of Return of the General Equivalency Diploma Ph.D. Dissertation, Stanford University, 1996 Cohort(s): NLSY79 Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Abortion; Continuing Education; Education, Adult; GED/General Educational Diploma/General Equivalency Degree/General Educational Development; Heterogeneity; Modeling, Fixed Effects; Modeling, Mixed Effects; Simultaneity; Wage Effects This dissertation evaluates the impact of receiving a General Equivalency Diploma (GED) on subsequent wages, and whether the impact depends on the age at which individuals received their degree. Using the National Longitudinal Survey of Youth (NLSY) data's survey on individual males from years 1979 to 1990, it estimates the rate of return to a GED at ages 25 and 28. The empirical analysis broadly follows two methodologies: one, a range of regression models differentiated by sample, regressor composition, weighting scheme, and variance-covariance estimation technique; two, simultaneous equations models and fixed effects models which control for individual heterogeneity with respect to labor supply and degree certification. The empirical results give mixed results at age 25, but they show that at age 28 a GED without further years of schooling significantly increases wages from 15.3 to 20.5 percent, and a GED regardless of further years of schooling increases wages from 16.3 to 19.0 percent. Individuals who earned their GED at relatively younger ages receive significantly higher wages than individuals who earned their GED at relatively older ages. Sample data composition and weighting scheme have a large impact on the magnitude and significance of the estimates. |
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Bibliography Citation
Soh, Hoon Sahib. The Rate of Return of the General Equivalency Diploma. Ph.D. Dissertation, Stanford University, 1996. |