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 …

administrative records on for-profit school and community college attendance with quarterly earnings data for over 400,000 students … schooling by 20-29 percent for students attending for-profit schools and 16-27 percent for students attending community colleges … and community colleges. Finally, we present evidence showing that students in for-profit schools and community colleges …

Providing income support to unemployed education-leavers reduces the returns to investments in education because it … behavioral biases among lower educated and younger students could explain these contrasting findings. …