The rationale for governmental and personal investment in higher education attendance are many and are widespread especially in the growing international higher education institutions across the world. Fostering talent and improving employment prospects are often noted by governments as reasons they support higher education attendance. Tied to talent development and employment is ultimately economic benefit for the country as well as individual students.
A report of the U.S. Bureau of Economic Research found that college attendance varies widely across socio-economic status (SES), which is commonly assumed to be true. The report also confirmed that higher SES families' children are 77 times more likely to attend Ivy League colleges, recognized by many as one of the primary ways that SES privilege is perpetuated across generations. However, there are also benefits to low and middle SES families and students. For example, those from lower SES families who attend elite universities receive similar economic earnings increases to those of higher SES families.
One of the most significant findings of the report was that potential future earnings vary widely across types of institutions. Specifically, the bottom to top SES movement of students is most likely to increase at certain mid-tier public universities, noting particularly the California state college system and the City University of New York.
The findings of this study may not be replicable across countries but the economic benefit to students and families should certainly be considered when governments invest in higher education opportunity for young people. If the greatest benefit for all is the goal, the U.S. experience would suggest that investment in quality mid-tier public universities is the way to go.
A report of the U.S. Bureau of Economic Research found that college attendance varies widely across socio-economic status (SES), which is commonly assumed to be true. The report also confirmed that higher SES families' children are 77 times more likely to attend Ivy League colleges, recognized by many as one of the primary ways that SES privilege is perpetuated across generations. However, there are also benefits to low and middle SES families and students. For example, those from lower SES families who attend elite universities receive similar economic earnings increases to those of higher SES families.
One of the most significant findings of the report was that potential future earnings vary widely across types of institutions. Specifically, the bottom to top SES movement of students is most likely to increase at certain mid-tier public universities, noting particularly the California state college system and the City University of New York.
The findings of this study may not be replicable across countries but the economic benefit to students and families should certainly be considered when governments invest in higher education opportunity for young people. If the greatest benefit for all is the goal, the U.S. experience would suggest that investment in quality mid-tier public universities is the way to go.
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