SOCI 1 Chapter Notes - Chapter Article Notes: Social Capital
Document Summary
Soci 1 article notes social and economic returns to college education in the united. Introduction: college graduates find better jobs, earn more money, less unemployment, more stable lives, better health, live longer, commit fewer crimes, participate more in civic life, more likely to say that they are happy than high school graduates. Less educated people more likely to be unemployed during an economic downturn: college graduates have shorter spells of unemployment, more education = more desirable job, 20% more money earned for each advancement in education level. Can the positive returns to education offset escalating costs: people with college degrees earn more than high school graduates in their lifetimes. The benefits of elite colleges: elite colleges invest more in their students. In one study, students who chose to enroll at a less prestigious university wound up earning just as much as if they had attended it.
