The General Educational Development (GED) credential is issued on the basis of an eight hour subject-based test. The test claims to establish equivalence between dropouts and traditional high school graduates, opening the door to college and positions in the labor market. In 2008 alone, almost...

Much is known about private returns to education in the form of higher earnings. Less is known about social value, over and above the private, market value. Associations between education and socially-desirable outcomes are strong, but disentangling the effect of education from other causal...

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...