Returns to Specific Graduate Degrees: Estimates Using Texas Administrative Records

We are grateful to Anna Esenther, Emily Wang, and Yagmur Yuksel for excellent research assistance and to Esteban Aucejo, Zachary Bleemer, Khalla Krishna, Seth Zimmerman and participants in seminars at UC Berkeley, Penn State, NBER Economics of Education Program Meeting (Spring, 2021) the CES/IFO Education conference (December 2020), Sciences Po and the Paris School of Economics for helpful comments. We also thank Gregory Branch, Holly Kosiewicz and Zhixiang Lu for their expert help with the Texas data set. We received research support from the Cowles Foundation, the Tobin Center for Economic Policy, and the National Science Foundation (award 2117362). This paper uses administrative data provided by the Texas Higher Education Coordination Board, the Texas Education Agency, and the Texas Workforce Commission. The results and conclusions of this paper do not necessarily reflect the official views of the above agencies or the State of Texas. All opinions and errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.