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This paper considers the identification and estimation of an extension of Roy's model (1951) of occupational choice, which includes a non-pecuniary component in the decision equation and allows for uncertainty on the potential outcomes. This framework is well suited to various economic contexts,...
Persistent link: https://www.econbiz.de/10013153304
restricted to students in initial education following university studies and preparing an Associate, a Bachelor or a Master …
Persistent link: https://www.econbiz.de/10013139961
of the value of financial aid for prospective students. Our results point out that a considerable share of prospective … students are affected by credit constraints. We find that most of the individuals are willing to pay a sizable interest premium … points for a $1,000 loan. The willingness-to-pay for financial aid is highly heterogeneous across students, with preferences …
Persistent link: https://www.econbiz.de/10012837914