Search Results
Showing results 1 to 10 of approximately 12.
(refine search)
Journal Article
Family resources and college enrollment
This article reviews the literature on the effects of family income and tuition costs on college and enrollment and finds mixed evidence in support of tuition subsidies. The author also presents new evidence showing that college enrollment is especially sensitive to income for families with modest amounts of wealth, suggesting that borrowing constraints may be a factor in limiting access to higher education.
Report
The incentive effects of higher education subsidies on student effort
This paper uses a game-theoretic model to analyze the disincentive effects of low-tuition policies on student effort. The model of parent and student responses to tuition subsidies is then calibrated using information from the National Longitudinal Survey of Youth 1979 and the High School and Beyond Sophomore Cohort: 1980-92. I find that although subsidizing tuition increases enrollment rates, it reduces student effort. This follows from the fact that a high-subsidy, low-tuition policy causes an increase in the percentage of less able and less highly motivated college graduates. ...
Working Paper
Imperfect information, self-selection and the market for higher education
This paper explores how the steady trends in increasing tuition costs, college enrollment, and the college wage gap might be related to the quality of college graduates. The model shows that the signaling role of education might be an important yet largely neglected ingredient in these recent changes. I develop a special signaling model in which workers of heterogeneous abilities face the same costs, yet a larger proportion of able individuals self-select to attend college since they are more likely to get higher returns. With imperfect information, the skill premium is an outcome which ...
Journal Article
Stop paying more for less: ways to boost productivity in higher education
College tuition has increased dramatically over the past decade, yet few think the quality of graduates has kept up. Decentralizing the administration and privatizing such things as housing and food service would boost productivity, as would ditching tenure and improving teaching.
Journal Article
Childhood savings and college success
As the cost of postsecondary education continues to rise, many families, especially low-income families, are concerned about their ability to pay. A variety of initiatives are making it easier to start saving early.
Journal Article
The business of higher ed : prices and costs of a college education
Related link(s): https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2009/fall/feature2_weblinks.cfm
Journal Article
Is college unaffordable?
Tuition and student debt have skyrocketed, but higher education still pays off.
Journal Article
A ticket to the middle class: working off college debt
A proposed program?in which each year of paid public service would cancel one year of college expense?could lift the burden of debt from graduates while supplying capable workers to municipalities and nonprofits.
Journal Article
Moving beyond the 13th grade
Two-year colleges still battle an inferiority complex, despite strong enrollment growth and relevance in today's economy.
Working Paper
A general equilibrium theory of college with education subsidies, in-school labor supply, and borrowing constraints
This paper analyzes the effectiveness of three different types of education policies: tuition subsidies (broad based, merit based, and flat tuition), grant subsidies (broad based and merit based), and loan limit restrictions. We develop a quantitative theory of college within the context of general equilibrium overlapping generations economy. College is modeled as a multi-period risky investment with endogenous enrollment, time-to-degree, and dropout behavior. Tuition costs can be financed using federal grants, student loans, and working while at college. We show that our model accounts for ...