TY - RPRT AU - Jepsen, Christopher AU - Mueser, Peter R. AU - Troske, Kenneth AU - Jeon, Kyung-Seong TI - Estimates of Earnings Returns by Field of Study for For-Profit Schools and Community Colleges PY - 2023/Oct/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 16568 UR - https://www.iza.org/index.php/publications/dp16568 AB - This paper estimates labor-market returns for students pursuing certificates or associate's degrees in eight broad fields of study at community colleges and for-profit institutions. The data contain 400,000 students beginning their studies between 2005 and 2012 in one state. We estimate two-step models to address recent econometric concerns with two-way fixed effects models. Our analyses show important differences in return by field, with similar patterns for for-profit schools and community colleges. Apart from those studying in health fields, returns are generally greater for those attending for-profit schools than those attending community colleges. Higher estimated overall returns for for-profit schools are not primarily due to differences in areas of study. KW - postsecondary education KW - labor-market returns KW - for-profit schools ER -