Abstract
Going to college and earning a degree is an investment in human capital. Economic theory suggests that workers who make the investment in post-high school education will increase their productivity and, thus, earn higher wages (Becker, 1962). In today’s globalized economy and on the heels of the most recent recession, obtaining education or training beyond high school appears increasingly important for workers looking to improve their economic prospects. Education also plays a critical role in the economic development of communities and regions across the United States. Paired with job creation and entrepreneurship strategies, communities and regions can enhance their wealth by improving educational attainment rates and school quality, thus improving chances for a prosperous future (Pender, Marre, and Reeder, 2012; and Isserman, Feser, and Warren, 2009).
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