We examine the trade-offs implicit in academic admissions standards when students are charged cost-based tuition and offered loans that remove liquidity constraints. Lowering entry requirements while holding graduation requirements fixed increases aggregate output and promotes a more equal...

We compare the link between parents’ schooling and their children’s college-entrance test scores in Israeli kibbutzim (communal villages) and in the general population. Though kibbutzim are committed to an egalitarian ethos and provide all kibbutz children with similar need-based access to...