recipients and 12% of AA/AGS recipients had also earned certificates
by the end of my panel. Although AAS and AA/AGS
degrees generally require an equal number of credits, I allow
AAS degrees to supersede AA/AGS degrees.20 As shown
in columns 3 and 6 of Table 4, the estimated impacts of credential
receipt on earnings and employment are quite similar
to those displayed in Table 2, suggesting that the impacts of
receiving a short-term credential are not solely driven by the
increased probability of earning a higher degree.