The Economic Returns to Baccalaureate Degrees: Corrections

This note presents the results of estimating the economic benefits of baccalaureate degrees using the NLS72 data, corrected for several programming errors. The results and the conclusions do not change substantially: there is substantial variation among fields of study, and economic returns are relatively similar across different types of four-year institutions, although the most selective and the least selective institutions have relatively high and low economic benefits respectively. The results corroborate the greater certainty about returns to baccalaureate degrees, compared to subbaccalaureate degrees.