Degrees Conferred in 2023
Faculty Sponsor(s)
Eric Schuck
Subject Area
Economics
Description
It is increasingly important in our society that people receive a post-secondary education. The number of degrees that are conferred within a nation translates to higher income, more labor force mobility, and overall better standards of living (Kazakis and Fagian, 2017) . Using basic economic and education data, an accurate projection of the number of degrees conferred in 2023 can be made for the United States of America. Using personal consumption expenditures for college, the number of students currently enrolled in post-secondary institutions, the wage ratio between those with bachelor’s degrees and without, and a recession variable; an accurate depiction of conferral rates can be predicted. The basic theory behind this analysis is based on the wage premium earned by a bachelor’s degree, and the relative costs to earn that degree. An accurate projection must contain wage variables that determine the opportunity cost of earning a degree. As it takes skill and ability to earn a bachelor’s degree, we must add in a variable that predicts how well students will perform throughout college. In this case, SAT results will be used to predict academic ability. We have researched previous studies to get an accurate grasp around factors that impact the cost of college, wages of graduates, and impacts of dual enrollment on college enrollment.
Rights
This work is licensed under a Creative Commons Attribution 4.0 License.
Recommended Citation
Thacker, Devin and Long, Derek, "Degrees Conferred in 2023" (2023). Linfield University Student Symposium: A Celebration of Scholarship and Creative Achievement. Event. Submission 49.
https://digitalcommons.linfield.edu/symposium/2023/all/49
Degrees Conferred in 2023
It is increasingly important in our society that people receive a post-secondary education. The number of degrees that are conferred within a nation translates to higher income, more labor force mobility, and overall better standards of living (Kazakis and Fagian, 2017) . Using basic economic and education data, an accurate projection of the number of degrees conferred in 2023 can be made for the United States of America. Using personal consumption expenditures for college, the number of students currently enrolled in post-secondary institutions, the wage ratio between those with bachelor’s degrees and without, and a recession variable; an accurate depiction of conferral rates can be predicted. The basic theory behind this analysis is based on the wage premium earned by a bachelor’s degree, and the relative costs to earn that degree. An accurate projection must contain wage variables that determine the opportunity cost of earning a degree. As it takes skill and ability to earn a bachelor’s degree, we must add in a variable that predicts how well students will perform throughout college. In this case, SAT results will be used to predict academic ability. We have researched previous studies to get an accurate grasp around factors that impact the cost of college, wages of graduates, and impacts of dual enrollment on college enrollment.
