Catholic High School Graduates Make Way More Money Than Everyone Else
Michael T. Owyang and E. Katarina Vermann at the St. Louis Fed are out with some fascinating research looking at school types versus income.
They compared private schools, public schools and Catholic schools under various conditions (rural versus urban, high versus low drop-out rate and starting teacher salary) with future outcome for students.
Here's what the found: If you control for certain aspects of students' socioeconomic backgrounds, students who attended Catholic schools and schools that had high teacher salaries yielded higher incomes for students. Sending your kid to a private school was mostly a push in terms of future earnings:
Correlation is merely suggestive, and that it does not follow that one ought to be send their children to Catholic schools if they want them to end up with higher incomes.
I went to Catholic school and University, and knowing the kind of students that attend Catholic primary and high schools, I feel that this information is a little bit skewed. Catholic primary and high schools are expensive and tend to be attended by student who come from fairly privlaged backgrounds. I think its great to show that Catholic School students do well, but the money factor and people of power and influence that attend Catholic schools makes a big factor in outcome of students. I … [More]