In this paper, I modify the model of Glomm and Ravikumar (1992) and extend their work. In particular, I examine the link between income growth and inequality in a setting in which public and private education can coexist. In this setting, households are free to opt out of public education in...

This paper explores factors that contribute to growth in undergraduate knowledge of economics. An endogenous growth empirical model was applied to estimate students’ knowledge growth. Sources of knowledge growth were extracted to identify each factor’s contribution. Analysis indicated that...

This paper investigates that determinants of parents' education choices depend not only on economic factors but also on non-economic factors. I examined Pennsylvania's 67 counties in school year 1989-1990 as a case study of these determinants. An empirical model was applied to the study. Results...

In this article, we develop econometric models to test the hypothesis that students rate their professors primarily based upon their midterm grades. Our findings reveal that students' midterm grades are positively and significantly related to professors' overall evaluations, indicating that the...

In this study, we adopt the Probit model and employ data on nine new freshmen cohorts at a public regional university to examine predictive factors for students' retention and measure projected probability of retention for an average college student. Results suggest four main findings: 1) high...

Both teacher quality and teacher salaries are endogenously correlated in the teacher labor market. Therefore, due to endogeneity, we develop three econometric simultaneous-equation models to examine the link between teacher quality and teacher salaries. A total of 500 school districts in the...

The economic behaviors manifested between professors and students may be viewed as a game, with both behaviors endogenously correlated. In this paper, a static game is applied to address this behavior and determine the Nash equilibrium. Both professors and students choose their best strategies...

In this paper, we adopt the neoclassical model of consumer choice and view students as a utility maximizer to investigate two implied issues caused by grade inflation – knowledge illusion and economic inefficiency in the knowledge market. These issues are important because they negatively...

In this paper, we estimated the link between overall evaluations and grades in a simultaneous framework. We adopted midterm grades rather than expected grades as a proxy for final grades, which is innovative in studies of this issue. In doing so, we found a positive and significant relationship...