Abstract
Differences in earning ability among college entrants 10 years after high school graduation are analyzed by type of first college entered, sex, and race. The average age of the sample is 27. Type of first college entered is a significant variable in understanding differences in earning ability for college entrants with ability, socioeconomic background, and college goal constant. The rate of return for each additional year of education for four-year college entrants is 7.9%; for community college entrants, 5.4%. The author argues that community college education and four-year college education cannot properly be treated as homogeneous and that researchers analyzing economic returns to education need to take into account both kind of first college entered as well as the number of years of education acquired.
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