We assume that students can acquire a wage premium, thanks to studies, and form a rational expectation of their future … earnings, which depends on personal ability. Students receive a private, noisy signal of their ability, and universities can … of test scores. Students optimally self-select as a result of pricing only. If capital markets are perfect but …

Student loans, even income-contingent ones, are not optimal. Potential university students with the appropriate … on the choice of university degree, but students with a natural aptitude for studies that do not hold the prospect of a …

marginal fiscal recovery rate, i.e. the ratio of the change in total net fiscal revenues and the change in total subsidy costs … of the net fiscal revenue gain and the subsidy cost of a degree in tertiary education. Second, we use the sufficient … that allows for heterogeneity between students. Reassuringly, this simulation provides a roughly similar result than the …

Inequalities do not end once students enter higher education. Yet, the majority of papers on the effectiveness of …-tested financial aid on the outcomes of students who have already enrolled in college. To do so, we exploit a unique non …

For-profit providers are becoming an increasingly important fixture of US higher education markets. Students who attend … than students attending similarly-selective public schools. Because for-profits tend to serve students from more …. The first-stage estimates show that students are much more likely to enroll in a for-profit institution for a given labor …

the effects of tuition fees on university enrollment of first-year students at German public universities. Our study … gender differences in enrollment behavior. Enrollment numbers of female students at universities that are located far away … of male students. …

enrollment qualifications, and graduate earnings. We find for both that disadvantaged students match to lower quality degrees …

This paper explores students' expectations about the returns to completing higher education and provides first evidence … scenarios of leaving university with or without a degree certificate among a large and diverse sample of students at different …