Date of Award

1-1-2011

Document Type

Thesis

Degree Name

M.A.

Department

Economics

First Advisor

Markus P. Schneider

Keywords

Business Cycles, Higher Education, Labor, Master's Degree, MBA

Abstract

Since the 1970's, recessions have become more frequent and severe, causing major changes to the labor market and the importance of education. This study focuses on the problems for employees with master's degrees and MBAs, and asks three questions: 1) Do employees with graduate degrees have higher earnings than bachelor's degree recipients, 2) Do they experience greater job security as a result of their additional education, and 3) Is graduate school a way to avoid unemployment during a recession? Ordinal logistic regression analysis is conducted and finds that master's degrees and MBAs experience very different outcomes, with much higher returns for MBAs, although master's degrees do see higher earnings than bachelor's degrees. Job security is slightly higher for the graduate degrees relative to bachelor's degrees, which could account for the relatively higher earnings.

Provenance

Recieved from ProQuest

Rights holder

Claire Foley

File size

84 p.

File format

application/pdf

Language

en

Discipline

Economics, Labor, Higher education

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