Abstract
Several recent studies indicate that the rates of return to graduate programs, especially Master's programs, are relatively low. This study is an effort to determine whether the emerging specialized Master's programs among them that in Urban Planning suffer the same low social and private rates of return. A methodology is developed which permits the estimation of the rates of return to these new programs (which have not existed long enough to provide life-earning profile data for participants or cohorts). The empirical research in this study indicates that some specialized Master's programs have quite high social and private rates of return.
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This research was supported in part by the Bureau of Business Services and Research, California State University, Northridge. The author is indebted to Russ Sprouse for computer assistance, to Dr. Ray Jones and the staff of NLTP for their cooperation and assistance, and to the CSUN economics faculty for their many helpful comments on an earlier draft.
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Blake, D.R. On the productivity of specialized Masters programs. Ann Reg Sci 9, 77–90 (1975). https://doi.org/10.1007/BF01284989
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DOI: https://doi.org/10.1007/BF01284989