Athreya, Kartik B.; Ionescu, Felicia; Neelakantan, Urvi; … - 2019
A first glance at US data suggests that college -- given its mean returns and sharply subsidized cost for all enrollees … -- could be of great value to most. Using an empirically-disciplined human capital model that allows for variation in college … high school completers place zero value on access to college. Subsidies to college currently flow to those already best …