{"title":"Firm-specific pay premia and the returns to higher education: Evidence from community colleges","authors":"Weixiang Pan","doi":"10.1016/j.labeco.2025.102685","DOIUrl":null,"url":null,"abstract":"<div><div>There is an increasing consensus that firm-specific premia are an important determinant of wages, but there is little evidence regarding their roles in the returns to education. This paper examines the extent to which completing an associate degree increases earnings through access to higher-paying firms. Using administrative data on college enrollment and labor market outcomes from Ohio, I estimate that completing an associate degree leads to employment at firms of higher firm-specific premia by approximately 6 %, suggesting that more than one-quarter of the returns to associate degrees is attributable to moving to higher-paying firms.</div></div>","PeriodicalId":48153,"journal":{"name":"Labour Economics","volume":"93 ","pages":"Article 102685"},"PeriodicalIF":2.2000,"publicationDate":"2025-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Labour Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0927537125000120","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
There is an increasing consensus that firm-specific premia are an important determinant of wages, but there is little evidence regarding their roles in the returns to education. This paper examines the extent to which completing an associate degree increases earnings through access to higher-paying firms. Using administrative data on college enrollment and labor market outcomes from Ohio, I estimate that completing an associate degree leads to employment at firms of higher firm-specific premia by approximately 6 %, suggesting that more than one-quarter of the returns to associate degrees is attributable to moving to higher-paying firms.
期刊介绍：
Labour Economics is devoted to publishing research in the field of labour economics both on the microeconomic and on the macroeconomic level, in a balanced mix of theory, empirical testing and policy applications. It gives due recognition to analysis and explanation of institutional arrangements of national labour markets and the impact of these institutions on labour market outcomes.
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