Date of Award
College of Arts Humanities and Social Sciences
Markus P. Schneider, Ph.D.
Business cycles, Higher education, Labor, Master's degree, Masters of Business Administration
Since the 1970s, 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.
Copyright is held by the author. User is responsible for all copyright compliance.
Received from ProQuest
Foley, Claire, "Are MBAs and Master's Degrees Worth It? A Discussion of Wages, Job Security and Business Cycles" (2011). Electronic Theses and Dissertations. 809.
Economics, Labor, Higher education