Daniels, Gerald Eric Jr., and Andria Smythe. “Student Debt and Labour Market Outcomes.” AEA Papers and Proceedings, vol. 109, 2019, pp. 171-175, American Economic Association.
Using the NLSY97 and a difference-in-difference approach to study large workforce groups the authors of this article examined the impact of a student loan on later income, employment, hours worked, and hourly wages. They claim that the difference in pre-college and post-college income is about 8-9 percent, but there is information to state that it is mainly connected with a higher number of working hours. The study only examines the economic effects of student debt but omits questions on psychological health, life satisfaction, delayed family formation, and homeownership. There is no specific information on differences between disciplines, so it is impossible to conclude in which areas of knowledge the degree affects the level of income and in which it does not. Despite these lacunas, the article is important as it examines the economic position of indebted graduates in the labor market in comparison to their peers who do not pay for loans and can work less hours as a result.
Hui, Zheng. “Why Does College Education Matter? Unveiling the Contributions of Selection Factors.” Social Science Research, vol. 68, 2017, pp. 59-73, ScienceDirect.
The article examines the relationship between obtaining college and university degrees and various health and socioeconomic outcomes. The author uses the National Longitudinal Survey of Youth (1979) and analyzes it with the propensity score matching method. The study indicates that people with bachelor’s degrees and higher (not lower) embrace healthier lifestyles and demonstrate higher levels of life satisfaction, regardless of race and cultural background. However, the influence of social status on lifestyle choices has not been investigated; it is argued that it can have a significant initial impact. The article will be helpful while writing about long-term health effects because the existent stereotype of college and university students argues that students ruin their health during their studying years.
Seifert, Tricia, et al. “Ten Challenges and Recommendations for Advancing Research on the Effects of College on Students.” AERA Open, vol. 3, no. 2, 2017, pp.1-12, Sage Journals.
The authors describe and analyze the historiography of researching higher education’s influence on students starting from the early research in the 1960s published in The American College and The Impact of College on Students. In addition, they discuss and describe possible areas and questions for further research, such as “rational myths” or the efficacy of student selection and admission policy. The strong point is that it examines the information on many generations of students since the 1950s and indicates a range of positive effects of higher education. However, the article misses two important things: the ratio of benefits and growing educational costs; second, the data of the last century influences the modern picture, which can differ dramatically. Overall, the information from the article gives a historical perspective on the issue and undeniable comprehensive data on the impact of education on psychological health, earnings, and social and marital status of people.
Works Cited
Daniels, Gerald Eric Jr., and Andria Smythe. “Student Debt and Labour Market Outcomes.” AEA Papers and Proceedings, vol. 109, May 2019, pp. 171-175, American Economic Association.
Hui, Zheng. “Why Does College Education Matter? Unveiling the Contributions of Selection Factors.” Social Science Research, vol. 68, Nov. 2017, pp. 59-73, ScienceDirect.
Seifert, Tricia, et al. “Ten Challenges and Recommendations for Advancing Research on the Effects of College on Students.” AERA Open, vol. 3, no. 2, Apr-Jun. 2017, pp.1-12, Sage Journals.