Arcidiacono, Peter; Aucejo, Esteban; Maurel, Arnaud; … - 2023
schooling utility and wages. Our framework accounts for heterogeneity in college types and majors, as well as occupational … search frictions and work hours. Individuals learn from grades and wages in a correlated manner, and may change their choices … would increase further by 2 percentage points in the absence of search frictions. Providing students with full information …