What Kind of Education is good For US Productivity? Community Colleges versus Universities
Journal Title: Journal of Empirical Economics - Year 2014, Vol 2, Issue 4
Abstract
Community college education has been considered the most important mode of education in developing countries. In the US however, community colleges take a back seat in comparison to four-year colleges. Although more attention has been directed to community colleges recently, this mode of education is still considered good only for short term recovery from the recession. This paper performed data analysis on panel data for all fifty states in the US and Washington D.C. The results reveal that the aggregate effect on productivity of associate degree holders is much higher than that of bachelor degree holders. Since community college education results in a higher level of productivity than university education, the long term effect of the former is superior to that of the latter on the US economy.. We then compare and contrast the effects across different regions in the country.
Authors and Affiliations
Tam Bang Vu, Eric Iksoon Im, Ashley Bulseco-McKim
Keywords
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- EP ID EP27350
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