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Showing posts with the label earnings premium

Attending Law School, Even in this Tough Market, is a Very Good Life-Time Investment

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This past week, a number of news outlets and bloggers reported on a new economic analysis of the value of a law degree.  The authors make a persuasive, well-researched argument that a law degree confers measurable life-time advantages on law graduates compared to persons who get only a bachelor’s degree. The report:  Micahel Simkovic and Frank McIntyre, The Economic Value of a Law Degree (unpublished manuscript 2013) is found here .     Simkovic, an Associate Professor of Law at Seton Hall University School of Law, and McIntyre, an Associate Professor of Finance and Economic at Rutgers Business School answered the following questions:  Does a law degree typically increase the earnings of law graduates compared to what such individuals would likely have earned with only a bachelor’s degree? How does the law school earnings premium vary by gender and at different points in the distribution of outcomes? How much of the increase in earnings is higher hourly wages, and how