The Value of a College Degree - 1034 Words

For many families, the idea that higher education for themselves or their children will automatically improve their social or economic status is a common one. In many situations this can be the case, however it is not universal. Additionally, many factors come into play when analyzing how intergenerational mobility does or does not occur. Some of these factors include existing social class, field of study, undergraduate vs. advanced degrees, race or gender, selection of institution, and parental resources. The general hypothesis of this study is â€Å"Is a College Degree Still the Great Equalizer?† This issue was the source of study by Florencia Torche at New York University. Using different cohort groups and conducting various survey methods,†¦show more content†¦However, this intergenerational status association is weaker among women. In the case of earnings mobility, a similar U-shaped pattern emerges. In cases of earnings distribution, those at the extreme ends of educational distribution show the strongest association (i.e. individuals with less than a college degree and advanced degree holders) indicating, â€Å"a college degree appears to still be a great equalizer among BA holders but not among advanced-degree holders† (Torche, 2011). So far, the analysis of intergenerational mobility as it relates to class, occupational status, and earnings has been restricted to labor market forces. When family income mobility is studied, other factors are taken into account such as non-occupational resources and family-level processes. Specific examples that were taken into account included parental transfers of wealth and intergenerational reproduction as it relates to occupational mobility. While the results of this area of study closely resemble previously discussed results, one interesting point emerges. â€Å"The influence of parental income on sons’ income level is substantial among those without a college degree, it declines to insignificance among college graduates, and then it regains strength among advanced degree holders†¦Ã¢â‚¬  (Torche, 2011). This brings to light the issue of horizontalShow MoreRelatedThe Value Of A College Degree886 Words   |  4 Pagesand money of attending college. A reason for obtaining a higher education is that a college degree can possibly earn a much higher salary than the majority of the people who have a high school diplom a. College can be expensive and time consuming for the most of the people that do not have enough money and spare time to go to college. Stephen Rose, a research professor at the Georgetown University, wrote an article on â€Å"The Value of a College Degree† to explain if a college degree can be valuable to peopleRead MoreThe Value Of A College Degree1862 Words   |  8 Pages The Value of a College Degree Given the huge rise in college tuition, a commonly asked question by college students is whether a college degree is really worth the cost. Most will graduate with debt from loans and ponder if a degree will actually make a significant amount of difference in future earnings versus those with a high school diploma. There are many considerations in acquiring a college education: what to major in, what colleges offer that major, can I afford it, will loans or scholarshipsRead MoreCollege Value Goes Deeper Than The Degree Essay1042 Words   |  5 PagesCollege’s Value In the essay â€Å"College Value Goes Deeper Than the Degree† author Eric Hoover claims a college education is important to one s well-being so they can get a job and be productive in other parts of life. Promoters of higher education have long emphasized how beneficial college’s value and its purpose. Many believe the notion that colleges teach students are life skills to apply anywhere, they also work hard to earn a degree and learn specific marketable skills which they can use toRead MoreThe Great Ghost of the River Valley Essay examples1027 Words   |  5 Pagespaying for a degree†, a 2010 article published in The Washington Post discussed what many consider to be the decreasing value of a college education in relation to income. Richard Vedder, a Professor of Economics at Ohio State University, argues that for many an a college education is not worth the investment. Along with anecdotal evidence, Vedder makes use of Bureau of Labor Statistics to make his p oint. The statistics fail to show the full picture illuminated in â€Å"Is a College Degree Still the GreatRead MoreThe Value Of Higher Education996 Words   |  4 PagesThe value of higher education is a heated argument among professionals, students and writers. Primary issues in the debate vary and include opportunity for employment, how the education system must improve, and the value of a college degree. Writers Emily Hanford, Mike Rose, and Thomas Tierney all take the approach that college is necessary for a satisfying lifestyle. They argue that higher education provides valuable life skills. Gary Jason, Karen Lawrence, and The Economist, on the other hand,Read MoreValue of a College Education1226 Words   |  5 PagesEnglish 102-39 Anne Wilbourne April 16, 2013 Value of a College Education Education has come along way through out the centuries, unlike in the past; education is the key to opening the door to endless opportunities. College can provide a sense of security and desire towards a stable career. As easy as it sounds to obtain this life, the market gets more competitive each day, allowing employers to raise their standards. When investing into a degree one should keep an open-mind, there are many aspectsRead More value of a college education Essay example1298 Words   |  6 Pages Value Of A College Education According to Lundberg (2003), â€Å"adult students are one of the most rapidly growing segments of today’s college student population, making up approximately 40% of all college students† (665). Having a college education is an important tool that contributes to several aspects of a person’s life. The areas that are impacted the most would be the professional and personal areas. It is important to learn the value of a college education in order to take advantage of whatRead MoreMaking A Decision For A Higher Education Essay1729 Words   |  7 Pagesfinancial outlay once a decision is made.   I made a decision to attend Ashford University in January of 2014.   I am pursuing a BA in Operational Management and Analysis with a set graduation date of January 2018.   This paper is a financial report on my college education and projected future employment utilizing an ROI calculation. The reason I select to pursue a BA in Operational Management and Analysis is the personal gain of financial status.   Society has a growing need for business educated individualRead MoreAnalysis Of David Horseys s Todays Economic Indicator 976 Words   |  4 Pagesat Fatso burger recognizes that the customer she is about to serve is an old friend from college. As the girls engage in some conversation you find out that the last time they met was in high school. You also find out that the customer just got her degree so we can assume that they last saw each other 4 years ago. While the worker complains about her â€Å"loser job† and boasts about the customers new â€Å"college degree† she asks if she can give the customer free fries with her burger. Shockingly, in the lastRead MoreData Analysis : The Median Age Of The Respondents1556 Words   |  7 PagesThe mode for this variable is also 1. The variance of respondent gender is .19. The standard deviation for this va riable came out as .44. The variance of .19 for this variable indicates that the values and data points tend to be very close to the mean. The standard deviation of .44 also illustrates the values and data points tend to be close to each other and not spread out. This makes sense because a majority of the respondents were male. The next variable of respondent classification had a mean of