The credential differential: the public return to increasing postsecondary credential attainment

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Permanent URL for this page: http://hdl.voced.edu.au/10707/248160.


Author: Prince, Heath; Choitz, Victoria

Abstract:

Ample evidence demonstrates that postsecondary credentials are a good investment for individuals, families and communities. Better educated workers earn higher wages and are more likely to be employed than less educated ones. Higher education levels also correlate with favorable social returns such as better health and higher rates of civic participation. At the same time, experts project that the United States will not have enough credentialed workers to meet labor market demand or to remain globally competitive in the coming decade. A recent study based on Bureau of Labor Statistics data found that by 2018, more than two-thirds of the 47 million projected job openings will require some level of postsecondary education or training, including industry certification.

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Ample evidence demonstrates that postsecondary credentials are a good investment for individuals, families and communities. Better educated workers earn higher wages and are more likely to be employed than less educated ones. Higher education levels also correlate with favorable social returns such as better health and higher rates of civic participation. At the same time, experts project that the United States will not have enough credentialed workers to meet labor market demand or to remain globally competitive in the coming decade. A recent study based on Bureau of Labor Statistics ...  [+] Show more

Subjects: Qualifications; Teaching and learning; Outcomes; Skills and knowledge; Labour market

Keywords: Postsecondary education; Return on education and training; Public education and training; Skill shortage; Skill needs; Labour supply

Geographic subjects: United States; North America

Published: Washington, District of Columbia: CLASP Center for Postsecondary and Economic Success, 2012

Physical description: 20 p.

Access item:
http://www.clasp.org/postsecondary/pages?type=postsecondary_and_economic_success&id=0025

Statement of responsibility: Heath Prince and Vickie Choitz

Resource type: Paper

Call Number:
TD/TNC 111.1129



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