Building the Stock of College-Educated Labor

• Autores: Susan Dynarski
• Localización: Journal of human resources, ISSN 0022-166X, Vol. 43, Nº 3, 2008, págs. 576-610
• Idioma: inglés
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• Resumen

  • Half of college students drop out without completing a degree. This paper establishes a causal link between college costs and degree completion. I use quasi-experimental methodology to analyze two state scholarship programs. The programs increase the share of the exposed population with a college degree by three percentage points, with stronger effects among women. A cost-benefit analysis indicates that the programs are socially efficient at rates of return to schooling as low as 5 percent. Even with the offer of free tuition, many students continue to drop out, suggesting tuition costs are not the only impediment to college completion.