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The Net Benefits of Raising Bachelor's Degree Completion through the City University of New York ACE Program. Working Paper 33956

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Title: The Net Benefits of Raising Bachelor's Degree Completion through the City University of New York ACE Program. Working Paper 33956
Language: English
Authors: Judith Scott-Clayton, Irwin Garfinkel, Elizabeth Ananat, Sophie M. Collyer, Robert Paul Hartley, Anastasia Koutavas, Buyi Wang, Christopher Wimer, National Bureau of Economic Research (NBER)
Source: National Bureau of Economic Research. 2025.
Availability: National Bureau of Economic Research. 1050 Massachusetts Avenue, Cambridge, MA 02138-5398. Tel: 617-588-0343; Web site: http://www.nber.org
Peer Reviewed: N
Publication Date: 2025
Sponsoring Agency: Robin Hood Foundation
Document Type: Reports - Research
Education Level: Higher Education
Postsecondary Education
Descriptors: Graduation Rate, Educational Improvement, Program Implementation, Program Evaluation, Educational Attainment, Program Effectiveness, Educational Benefits, Bachelors Degrees, College Graduates
Geographic Terms: New York (New York)
Abstract: In 2015, the City University of New York (CUNY) launched a new program-- Accelerate, Complete, and Engage (ACE)--aimed at improving college graduation rates. A prior randomized-control evaluation of the program found a nearly 12 percentage point increase in graduation five years after college entry. Using this impact estimate and national data on earnings by gender, age, and degree status; we estimate incremental expected long-run benefits and costs for participants, as well as intergenerational effects for the children of participants, relative to "business as usual" for the control group. Our main estimate indicates net social benefits of more than $48,000 over a lifetime per participant from greater earnings and labor force attachment, improvements in health, and savings in public transfers. A major contribution of our analysis is the estimation of second-generational benefits. Including intergenerational benefits for children who grow up in newly higher-earning families nearly triples this estimate, to over $130,000 in net social benefits per participant. These results are sensitive to assumptions about whether the impact on graduation after five years persists indefinitely, or whether the control group eventually catches up. Still, net social benefits are strongly positive even under our most conservative assumptions.
Abstractor: As Provided
Entry Date: 2025
Access URL: https://www.nber.org/papers/w33956
Accession Number: ED676543
Database: ERIC
FullText Text:
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  Data: The Net Benefits of Raising Bachelor's Degree Completion through the City University of New York ACE Program. Working Paper 33956
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  Data: <searchLink fieldCode="AR" term="%22Judith+Scott-Clayton%22">Judith Scott-Clayton</searchLink><br /><searchLink fieldCode="AR" term="%22Irwin+Garfinkel%22">Irwin Garfinkel</searchLink><br /><searchLink fieldCode="AR" term="%22Elizabeth+Ananat%22">Elizabeth Ananat</searchLink><br /><searchLink fieldCode="AR" term="%22Sophie+M%2E+Collyer%22">Sophie M. Collyer</searchLink><br /><searchLink fieldCode="AR" term="%22Robert+Paul+Hartley%22">Robert Paul Hartley</searchLink><br /><searchLink fieldCode="AR" term="%22Anastasia+Koutavas%22">Anastasia Koutavas</searchLink><br /><searchLink fieldCode="AR" term="%22Buyi+Wang%22">Buyi Wang</searchLink><br /><searchLink fieldCode="AR" term="%22Christopher+Wimer%22">Christopher Wimer</searchLink><br /><searchLink fieldCode="AR" term="%22National+Bureau+of+Economic+Research+%28NBER%29%22">National Bureau of Economic Research (NBER)</searchLink>
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  Data: National Bureau of Economic Research. 1050 Massachusetts Avenue, Cambridge, MA 02138-5398. Tel: 617-588-0343; Web site: http://www.nber.org
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  Data: 2025
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  Label: Education Level
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  Data: <searchLink fieldCode="EL" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="EL" term="%22Postsecondary+Education%22">Postsecondary Education</searchLink>
– Name: Subject
  Label: Descriptors
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Graduation+Rate%22">Graduation Rate</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Improvement%22">Educational Improvement</searchLink><br /><searchLink fieldCode="DE" term="%22Program+Implementation%22">Program Implementation</searchLink><br /><searchLink fieldCode="DE" term="%22Program+Evaluation%22">Program Evaluation</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Attainment%22">Educational Attainment</searchLink><br /><searchLink fieldCode="DE" term="%22Program+Effectiveness%22">Program Effectiveness</searchLink><br /><searchLink fieldCode="DE" term="%22Educational+Benefits%22">Educational Benefits</searchLink><br /><searchLink fieldCode="DE" term="%22Bachelors+Degrees%22">Bachelors Degrees</searchLink><br /><searchLink fieldCode="DE" term="%22College+Graduates%22">College Graduates</searchLink>
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  Label: Geographic Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22New+York+%28New+York%29%22">New York (New York)</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: In 2015, the City University of New York (CUNY) launched a new program-- Accelerate, Complete, and Engage (ACE)--aimed at improving college graduation rates. A prior randomized-control evaluation of the program found a nearly 12 percentage point increase in graduation five years after college entry. Using this impact estimate and national data on earnings by gender, age, and degree status; we estimate incremental expected long-run benefits and costs for participants, as well as intergenerational effects for the children of participants, relative to "business as usual" for the control group. Our main estimate indicates net social benefits of more than $48,000 over a lifetime per participant from greater earnings and labor force attachment, improvements in health, and savings in public transfers. A major contribution of our analysis is the estimation of second-generational benefits. Including intergenerational benefits for children who grow up in newly higher-earning families nearly triples this estimate, to over $130,000 in net social benefits per participant. These results are sensitive to assumptions about whether the impact on graduation after five years persists indefinitely, or whether the control group eventually catches up. Still, net social benefits are strongly positive even under our most conservative assumptions.
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  Data: <link linkTarget="URL" linkTerm="https://www.nber.org/papers/w33956" linkWindow="_blank">https://www.nber.org/papers/w33956</link>
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  Data: ED676543
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=eric&AN=ED676543
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  BibEntity:
    Languages:
      – Text: English
    Subjects:
      – SubjectFull: Graduation Rate
        Type: general
      – SubjectFull: Educational Improvement
        Type: general
      – SubjectFull: Program Implementation
        Type: general
      – SubjectFull: Program Evaluation
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      – SubjectFull: Educational Attainment
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      – SubjectFull: Program Effectiveness
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      – SubjectFull: Educational Benefits
        Type: general
      – SubjectFull: Bachelors Degrees
        Type: general
      – SubjectFull: College Graduates
        Type: general
      – SubjectFull: New York (New York)
        Type: general
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      – TitleFull: The Net Benefits of Raising Bachelor's Degree Completion through the City University of New York ACE Program. Working Paper 33956
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              Y: 2025
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