What are the economic consequences of college noncompletion? Given escalating student debt, is "some college" still worth it? This article applies augmented inverse probability weighting to the National Longitudinal Survey of Youth 1997 to estimate the causal effect of college noncompletion on income and financial hardship. Although…

Educational attainment sits at the core of research on social stratification in the United States. An extensive literature details the inequalities in access to levels of education, the socioeconomic rewards conferred upon those reaching higher levels of schooling, and the prospects for social mobility among those able to attain a college degree.…

American educational leaders and philosophers have long valued schooling for its role in preparing the nation's youth to be civically engaged citizens. Numerous studies have found a positive relationship between education and subsequent civic participation. However, little is known about possible variation in effects by selection into higher…

A dynamic model of decisions to work, invest in human capital, and commit crime was developed and examined. By making all three activities endogenous, the model explains why older, more intelligent, and more educated workers tend to commit fewer property crimes of some types than others. The model includes the following predictions: (1) policies…