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The paper examines labor-market returns to a two- and four-year college education. Analysis of the 1972 National Longitudinal Survey of Youth; Observation that the average person who attended a two-year college earned about 10-percent more than those without any college education; Comparison with the wages of those who attended a four-year college education.

Labor Market Returns to Two- and Four-Year Colleges: Is a Credit a Credit and Do Degrees Matter?