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This paper studies how welfare outcomes in centralized school choice depend on the assignment mechanism when participants are not fully informed. Using a survey of school choice participants in a strategic setting, we show that beliefs about admissions chances differ from rational expectations...
Persistent link: https://www.econbiz.de/10012910305
We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect of cognitive skills and supports the economic benefits of effective school policy. We develop a new common metric that allows tracking student achievement across countries, over...
Persistent link: https://www.econbiz.de/10012758020
This paper reviews a set of recent studies that have attempted to measure the causal effect of education on labor market earnings by using institutional features of the supply side of the education system as exogenous determinants of schooling outcomes. A simple theoretical model that highlights...
Persistent link: https://www.econbiz.de/10013237248
The vast literature on human capital and earnings assumes that individuals know in advance that they will complete a particular program of schooling. This paper treats education as a sequential choice that is made under uncertainty. A simple two period structural model is used to explore the...
Persistent link: https://www.econbiz.de/10013245524
Students who attend different colleges in the U.S. end up with vastly different economic outcomes. We study the role of … outcomes of students who apply to and are admitted by the same set of institutions, as this approach strikingly balances …
Persistent link: https://www.econbiz.de/10014347229
particular, we use data on individual students' grades, SAT scores, and the SAT scores of their roommates at three schools to … three schools used, students in the middle of the SAT distribution do somewhat worse in terms of grades if they share a room … with a student who is in the bottom 15 percent of the SAT distribution. Students in the top of the SAT distribution appear …
Persistent link: https://www.econbiz.de/10013223048
: SGL reduced the first year dropout rate by 6.8% for students enrolled in five-year colleges and by 64.3% for those … market outcomes, we find that SGL beneficiaries have lower wages (up to 6.4% less) than those who did not "benefit'' from the … institutions to retain students at the expense of not securing the quality of education …
Persistent link: https://www.econbiz.de/10013080156
In an important and provocative paper, `Does Compulsory School Attendance Affect Schooling and Earnings?', Angrist and Krueger use quarter of birth as an instrument for educational attainment in wage equations. To support a causal interpretation of their estimates, they argue that compulsory...
Persistent link: https://www.econbiz.de/10013223879
An influential strand of research has tested for the effects of immigration on natives' wages and employment using …
Persistent link: https://www.econbiz.de/10012955946
dataset from the four waves of international PISA tests spanning 2000-2009, comprising over one million students in 42 …
Persistent link: https://www.econbiz.de/10013118419