Skip to main content

Table 5 Regression results for log quarterly earnings: all workers

From: Is it worth it? Postsecondary education and labor market outcomes for the disadvantaged

 

(1)

(2)

(3)

(4)

(5)

Highest credential

     

 No HS

−0.15***

−0.13***

−0.11***

−0.11***

−0.11***

 

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

 Voc_Cert

0.31***

0.26***

0.29***

0.18***

0.18***

 

(0.01)

(0.01)

(0.01)

(0.01)

(0.01)

 AA

0.34***

0.36***

0.40***

0.10***

0.02**

 

(0.01)

(0.01)

(0.01)

(0.01)

(0.01)

 AS

    

0.29***

     

(0.02)

 BA

0.61***

0.69***

0.78***

0.39***

0.39***

 

(0.01)

(0.01)

(0.01)

(0.01)

(0.01)

 MA_PhD

0.89***

0.99***

1.08***

0.66***

0.66***

 

(0.01)

(0.01)

(0.01)

(0.02)

(0.02)

Work experience

0.02***

0.02***

0.02***

0.02***

0.02***

 

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

Work experience2

−0.00***

−0.00***

−0.00***

−0.00***

−0.00***

 

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

Tenure

0.08***

0.08***

0.08***

0.08***

0.08***

 

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

Tenure2

−0.00***

−0.00***

−0.00***

−0.00***

−0.00***

 

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

FCAT

0.07***

0.06***

0.06***

0.04***

0.04***

 

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

Female

−0.15***

−0.15***

−0.15***

−0.16***

−0.16***

 

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

FRL

−0.07***

−0.07***

−0.06***

−0.06***

−0.06***

 

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

Black

−0.11***

−0.12***

−0.12***

−0.11***

−0.11***

 

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

Hispanic

0.16***

0.15***

0.14***

0.15***

0.15***

 

(0.00)

(0.00)

(0.00)

(0.00)

(0.00)

Asian

0.08***

0.07***

0.07***

0.06***

0.06***

 

(0.01)

(0.01)

(0.01)

(0.01)

(0.01)

Other

−0.08***

−0.08***

−0.08***

−0.08***

−0.08***

 

(0.02)

(0.01)

(0.01)

(0.01)

(0.01)

CC Credits

     

 0 credits

  

0.20***

  
   

(0.01)

  

 1-15 credits

  

0.28***

  
   

(0.01)

  

 16-30 credits

  

0.28***

  
   

(0.01)

  

 31-45 credits

  

0.30***

  
   

(0.01)

  

 46-60 credits

  

0.32***

  
   

(0.01)

  

 60-80 credits

  

0.32***

  
   

(0.01)

  

University credits

     

 0 credits

  

0.02

  
   

(0.03)

  

 1-30 credits

  

0.26***

  
   

(0.01)

  

 31-60 credits

  

0.34***

  
   

(0.01)

  

 61-90 credits

  

0.40***

  
   

(0.02)

  

 91-120 credits

  

0.48***

  
   

(0.03)

  

 121-150 credits

  

0.55***

  
   

(0.03)

  

Post-secondary credits earned (100s)

     

 CC credits

 

0.57***

 

0.21***

0.20***

  

(0.01)

 

(0.01)

(0.01)

 University credits

 

0.47***

 

0.23***

0.24***

  

(0.01)

 

(0.01)

(0.01)

Post-secondary GPA

   

0.10***

0.10***

    

(0.00)

(0.00)

Post-secondary credits (10s)

     

 Math

   

0.04***

0.05***

    

(0.00)

(0.00)

 Science

   

0.02***

0.02***

    

(0.00)

(0.00)

Observations

3,739,354

3,739,354

3,739,354

3,739,354

3,739,354

R-squared

0.36

0.36

0.36

0.36

0.36

  1. Notes: ***p < 0.01, **p < 0.05, *p < 0.1. The dependent variable is ln(quarterly earnings). Robust standard errors are in parentheses. FCAT scores are standardized to mean 1, standard deviation 0. Postsecondary GPA is measured on a 4 point scale. Quadratic and cubic FCAT terms are estimated but not reported.
Back to article page