How risky is college investment?:
This paper is motivated by the fact that nearly half of US college students drop out without earning a bachelor's degree. Its objective is to quantify how much uncertainty college entrants face about their graduation outcomes. To do so, we develop a quantitative model of college choice. The inn...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
München
CESifo
2015
|
| Series: | CESifo working paper
5203 : Category 5, Economics of education |
| Online Access: | Volltext |
| Summary: | This paper is motivated by the fact that nearly half of US college students drop out without earning a bachelor's degree. Its objective is to quantify how much uncertainty college entrants face about their graduation outcomes. To do so, we develop a quantitative model of college choice. The innovation is to model in detail how students progress towards a college degree. The model is calibrated using transcript and financial data. We find that more than half of college entrants can predict whether they will graduate with at least 80% probability. As a result, stylized policies that insure students against the financial risks associated with uncertain graduation have little value for the majority of college entrants. |
| Physical Description: | 1 Online-Ressource (66 S.) graph. Darst. |
| Format: | . - Acrobat Reader |
Staff View
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| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:12:46Z |
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| spelling | Hendricks, Lutz Verfasser aut How risky is college investment? Lutz Hendricks ; Oksana Leukhina München CESifo 2015 1 Online-Ressource (66 S.) graph. Darst. txt rdacontent c rdamedia cr rdacarrier CESifo working paper 5203 : Category 5, Economics of education This paper is motivated by the fact that nearly half of US college students drop out without earning a bachelor's degree. Its objective is to quantify how much uncertainty college entrants face about their graduation outcomes. To do so, we develop a quantitative model of college choice. The innovation is to model in detail how students progress towards a college degree. The model is calibrated using transcript and financial data. We find that more than half of college entrants can predict whether they will graduate with at least 80% probability. As a result, stylized policies that insure students against the financial risks associated with uncertain graduation have little value for the majority of college entrants. . - Acrobat Reader Leukhina, Oksana Verfasser aut CESifo working paper 5203 : Category 5, Economics of education (DE-604)BV014083264 5203 https://www.cesifo.org/DocDL/cesifo1_wp5203.pdf Verlag kostenfrei Volltext |
| spellingShingle | Hendricks, Lutz Leukhina, Oksana How risky is college investment? CESifo working paper |
| title | How risky is college investment? |
| title_auth | How risky is college investment? |
| title_exact_search | How risky is college investment? |
| title_full | How risky is college investment? Lutz Hendricks ; Oksana Leukhina |
| title_fullStr | How risky is college investment? Lutz Hendricks ; Oksana Leukhina |
| title_full_unstemmed | How risky is college investment? Lutz Hendricks ; Oksana Leukhina |
| title_short | How risky is college investment? |
| title_sort | how risky is college investment |
| url | https://www.cesifo.org/DocDL/cesifo1_wp5203.pdf |
| volume_link | (DE-604)BV014083264 |
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