Many undergraduates leave college without completing a degree or credential. Some researchers characterize this as a waste of the student’s time because (they assert) college short of a degree does not yield any advantage in the labor market. Using data for an entire cohort of students graduating
high school in Texas in one year, we compare the employment and earnings years later of those who do not go beyond high school with those who enter college but do not complete a credential. Using techniques that address selection bias, we find that students with “some college” are considerably more likely to be employed fifteen years after high school graduation and tend to earn significantly more than their counterparts who do not go to college.
https://www.tandfonline.com/doi/pdf/10.1080/00221546.2019.1653122
