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dc.contributor.advisorApps, Hannah J., 1955-
dc.contributor.authorArbulu, Lucas
dc.descriptionv, 42 p.en_US
dc.description.abstractThere is a constant debate over which college degrees have the best returns on their investment. Many economists believe that STEM (Science, Technology, Engineering, and Mathematics) degrees offer the highest returns, with more job opportunities in the future as well as higher earnings. This study attempts to examine the payoff of STEM degrees in the state of Michigan compared to non-STEM degrees. Using a CIP-SOC crosswalk to determine which occupations are matched to educational programs, the author used Occupational Employment Statistics (OES) data on wages and projections to determine the value of educational programs. The author found that STEM degrees were matched with occupations that earned higher wages. In addition, STEM degrees were linked to occupations with higher growth rates and greater proportion of annual openings due to growth. These results support the theory of STEM degrees offering higher value compared to other degrees. With higher wages and more occupational openings in the future, the study also defends the idea of there being a STEM shortage in the State of Michigan in the near future.en_US
dc.relation.ispartofKalamazoo College Economics and Business Senior Individualized Projects Collection
dc.rightsU.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.
dc.titleHow Much is it Worth? An Empirical Study of the Value of STEM Degrees in Michiganen_US
KCollege.Access.ContactIf you are not a current Kalamazoo College student, faculty, or staff member, email to request access to this thesis.

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  • Economics and Business Senior Individualized Projects [1145]
    This collection includes Senior Individualized Projects (SIP's) completed in the Economics and Business Department. Abstracts are generally available to the public, but PDF files are available only to current Kalamazoo College students, faculty, and staff.

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