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> One thing that these kind of studies usually haven't counted is comparison of graduate income with their parents' income This particular study actually does
by t_mann 2y ago
> One thing that these kind of studies usually haven't counted is comparison of graduate income with their parents' income
This particular study actually does try to take that into account:
> I estimate counterfactual earnings for each program’s typical students, based on their demographics, socioeconomic status, academic ability, family background, and geographic location. [https://freopp.org/does-college-pay-off-a-comprehensive-return-on-investment-analysis-563b9cb6ddc5 https://freopp.org/does-college-pay-off-a-comprehensive-retu...]
- mcmoor 2y agoAh, one really needs to read the referred article directly to know this. Nice to know that it's actually already accounted. Still, I don't actually get how he counts the socioeconomic factor and get the "without-degree income"?
- t_mann 2y agoI couldn't find an explanation either. They mention a paper somewhere, but all the links just point to that Medium article which doesn't explain the methodology in enough detail to replicate.