State and local policymakers are very interested in how attending college in one's home state affects the likelihood of living in that state after college. This paper uses cohort-level data from the American Community Survey, decennial censuses, and other sources to examine how birth-state...

Introduction -- Chapter 1: The Bait –The History of American Colleges and the Creation of Student Loans -- Chapter 2: The Switch – Higher Education as a Public Goods Decays (1965-1992) -- Chapter 3: The Income and Wealth Effects of Student Loan Debt -- Chapter 4: Recent Changes to Student...

The paper develops a model of educational choices with uncertainty to account for the high drop out rate in countries with open admission policies at university entry. As long as university entry reveals useful information, students have incentives to enroll, update their beliefs and choose...