Tom Schenk Jr
June 01, 2012

June 01, 2012

## Transcript

3. ### What Iowa Knows ? 6% ? ? 3 Public Private

Economic Social
4. ### Training & Employment 4 National Student Clearinghouse Unemployment Insurance Community

College MIS TEOS

7. ### Rate of Return 7 t(wti ) – t(wtj ) (1

+ i )t Σ T t=1 - C
8. ### Computational Approach 8       

                       ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( , 2 , 1 , , 2 2 , 2 2 , 2 , 1 2 , 1 1 1 , 2 , 1 , , 2 2 , 2 2 , 2 , 1 2 , 1 1 1 T n n m T T , T n n n T T , x t x t x t x t x t x t x t x t x t y t y t y t y t y t y t y t y t y t               X Y Matrix of wages for completers Matrix of wages for leavers
9. ### Computational Approach 9       

  T i i d ) 1 ( 1 ) 1 ( 1 1   Let d be a vector of discount rates . When we assume an interest rate, then the net present value is: c d F        ) ( X Y Where F is an n-element vector of net present values for each student.
10. ### Finding a Root 10 -0.2 0 0.2 0.4 0.6 0.8

1 2 3 4 5 6 7 8 9 10 11 12 Interest Rate Net Present Value
11. None

13. ### Matching 13 I want a job! I want to graduate!

ability attitude preferences
14. ### Propensity Score Matching 14 y = φ(x1 ,…,xn ) Completion

Logit Function major gender race/ethnicity Clustered by: college major

\$\$ \$\$ \$\$
17. ### Median Tax Revenue 17 \$0 \$200 \$400 \$600 \$800 \$1,000

\$1,200 \$1,400 2002 2003 2004 2005 2006 2007 2008 Completers Leavers
18. ### Matched Cohort 18 \$0 \$200 \$400 \$600 \$800 \$1,000 \$1,200

\$1,400 2002 2003 2004 2005 2006 2007 2008 Completers Leavers
19. ### Net Present Value 19 Degree Type Net Present Value All

Completers -\$1,477 (86) Associate of Applied Studies -\$725 (83) Associate of Arts \$1,506 (85)
20. ### Net Present Value 20 Major Net Present Value Health \$25,105

(1,616) Arts & AV \$20,995 (1,627) Manufacturing \$5,575 (1,620) Business -\$6,875 (1,627)
21. ### Net Present Value 21 College Net Present Value Large-Urban -\$1,111

(1,616) Large-Rural -\$2,116 (1,627) Small-Rural -\$2,347 (1,620)
22. None
23. ### Tom SCHENK Iowa Department of Education (515) 281-3753 tom.schenk@iowa.gov www.iowa.gov/educate/

www.iowa.gov/educate/ccpublications/ The Annual Condition of Iowa’s Community Colleges 2009, Iowa Department of Education Economic Returns & Career Transitions for Iowa Community College Students, Iowa Department of Education and Iowa Workforce Development “Calculating Returns to Degree Using Administrative Data: 2002 Cohort” T. Schenk & K. Matsuyama. Iowa Department of Education Technical Bulletin No. 2. 2009.