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Friday, May 18 • 3:45pm - 5:15pm
D3b-Consumer Perceptions of the Value of Higher Education

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Stuart J Heckman, Jodi Letkiewicz - Higher education plays a critical role in the US economy and there is a rich literature outlining the pecuniary returns and nonpecuniary benefits of attending higher education. The Federal Reserve Board's Survey of Household Economic Decisionmaking (SHED) dataset is used to analyze consumer perceptions of whether the financial benefits of higher education are worth the costs. Specifically, we examine which characteristics are associated with the perception that the costs are greater than the benefits. Understanding patterns in the perceptions of value can help identify which groups in the population are most likely to think education is not worth the costs. Preliminary probit results suggest that older and female respondents are more likely to think education is not worth the cost while respondents who have higher income and education and who own a home are more likely to think education is worth the cost. Implications for policymakers are discussed.

Presenters
avatar for Stuart J. Heckman

Stuart J. Heckman

Assistant Professor, Kansas State University


Friday May 18, 2018 3:45pm - 5:15pm
Gulf

Attendees (2)