An Economic Analysis of the Market for Law School Students
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Ehrenberg, Ronald G.
This study utilizes data from a number of sources to estimate how lawyers' starting salaries relate to their ability, the quality of law school they attended, and whether the law school was a private institution. Based upon this analysis, a benefit—cost analysis is conducted of the value of attending a high-quality private institution. Analyses are also done of how the financial attractiveness of law vis-a-vis other careers has changed in recent years and a conceptual framework discussed for law schools to use in allocating their financial aid resources.
lawyers; law students; labor market; salary; law school; financial aid
Required Publisher Statement: © University of Chicago Press. Reprinted with permission. All rights reserved. Later version published as: Ehrenberg, R. G. (1989). An economic analysis of the market for law school students. Journal of Legal Education, 39(5), 627-654.