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Student Abilities During the Expansion of US Education

Hendricks, Lutz; Schoellman, Todd - 2013

The US experienced two dramatic changes in the structure of education in a fifty year period. The first was a large …

Persistent link: https://www.econbiz.de/10010328815

The Return to College: Selection Bias and Dropout Risk

Hendricks, Lutz; Leukhina, Oksana - 2014

This paper estimates the effect of graduating from college on lifetime earnings. Motivated by the fact that nearly half of all college students fail to earn a bachelor’s degree, we study a model of risky college completion. The central idea is that students drop out of college mainly because...

Persistent link: https://www.econbiz.de/10010352440

Optimal policy and the risk properties of human capital reconsidered

Anderberg, Dan - 2008

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. A set of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …

Persistent link: https://www.econbiz.de/10010264479

The effect of education on marital status and partner characteristics: Evidence from the UK

Anderberg, Dan; Zhu, Yu - 2010

This paper uses a particular school exit rule previously in effect in England and Wales that allowed students born within the first five months of the academic year to leave school one term earlier than those born later in the year. Focusing on women, we show that those who were required to stay...

Persistent link: https://www.econbiz.de/10010270497

Education, Disappointment and Optimal Policy

Anderberg, Dan; Cerrone, Claudia - 2014

Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

Persistent link: https://www.econbiz.de/10010480853

How Risky is College Investment?

Hendricks, Lutz; Leukhina, Oksana - 2015

This paper is motivated by the fact that nearly half of U.S. college students drop out without earning a bachelor's degree. Its objective is to quantify how much uncertainty college entrants face about their graduation outcomes. To do so, we develop a quantitative model of college choice. The...

Persistent link: https://www.econbiz.de/10010480861

Why does educational attainment differ across US states?

Hendricks, Lutz - 2004

The fraction of persons holding a college degree differs nearly two-fold across U.S. states. This paper documents data related to state educational attainment differences and explores possible explanations. It shows that highly educated states employ skillbiased technologies, specialize in...

Persistent link: https://www.econbiz.de/10010261084