This paper studies the effect of graduating from college on lifetime earnings. We develop a quantitative model of college choice with uncertain graduation. Departing from much of the literature, we model in detail how students progress through college. This allows us to parameterize the model using transcript data. College transcripts reveal substantial and persistent heterogeneity in students’ credit accumulation rates that are strongly related to graduation outcomes. From this data, the model infers a large ability gap between college graduates and high school graduates that accounts for 54% of the college lifetime earnings premium
This IQP sought to explore the validity of the educators\u27 claim that a four-year college educatio...
Supercomputer Institute for support in the form of a resource grant. Using data from the 1979 Nation...
This paper takes the risk of college participation into context when evaluating the return to colleg...
This paper estimates the effect of graduating from college on lifetime earnings. We develop a model ...
Very preliminary and incomplete. We study two long-standing questions: (i) What part of the measured...
This paper is motivated by the fact that nearly half of U.S. college students drop out without earni...
This paper presents a dynamic model of the decision to pursue a college education in which students ...
Rather than estimating the returns to obtaining a college degree, this paper treats the college educ...
We present a dynamic model of college education where the students face uncertainty about their inco...
Previous studies on the determinants of the choice of college major have assumed a constant probabil...
College graduates earn higher wages than high school graduates by age 30. Among women, the advantage...
Previous studies on the determinants of the choice of college major have assumed a constant probabil...
The vast literature on human capital and earnings assumes that individuals know in advance that they...
I study the size and sources of the monetary return to college achievement as measured by cumulative...
In this paper we study the factors that influence both dropout and degree completion (4 or 5 years t...
This IQP sought to explore the validity of the educators\u27 claim that a four-year college educatio...
Supercomputer Institute for support in the form of a resource grant. Using data from the 1979 Nation...
This paper takes the risk of college participation into context when evaluating the return to colleg...
This paper estimates the effect of graduating from college on lifetime earnings. We develop a model ...
Very preliminary and incomplete. We study two long-standing questions: (i) What part of the measured...
This paper is motivated by the fact that nearly half of U.S. college students drop out without earni...
This paper presents a dynamic model of the decision to pursue a college education in which students ...
Rather than estimating the returns to obtaining a college degree, this paper treats the college educ...
We present a dynamic model of college education where the students face uncertainty about their inco...
Previous studies on the determinants of the choice of college major have assumed a constant probabil...
College graduates earn higher wages than high school graduates by age 30. Among women, the advantage...
Previous studies on the determinants of the choice of college major have assumed a constant probabil...
The vast literature on human capital and earnings assumes that individuals know in advance that they...
I study the size and sources of the monetary return to college achievement as measured by cumulative...
In this paper we study the factors that influence both dropout and degree completion (4 or 5 years t...
This IQP sought to explore the validity of the educators\u27 claim that a four-year college educatio...
Supercomputer Institute for support in the form of a resource grant. Using data from the 1979 Nation...
This paper takes the risk of college participation into context when evaluating the return to colleg...