There has been a rising interest in understanding better the impact of college choices on wages, an interest motivated by concerns about increasing wage inequalities, about increasing costs of elite colleges, and about the perceived increasing roles of highly educated individuals in maintaining...

We review basic facts about higher education finance in the United States and analytical, empirical and policy issues in that realm. Examining trends in higher education finance, we demonstrate growth in the share of revenues provided by government up to about 1980, with a steady decline...

Understanding the economic payoff to human investments is very important from the standpoint both of individuals and of society. Correctly estimating these impacts necessitates having a well-developed idea of the microeconomic determinants of human behavior. Without this, empirical analyses of...

In this paper we utilize data on the head-to-head loss rate for students accepted at Williams College, but who opt to enroll elsewhere. For example, we employ data that measure the fraction of students admitted to Williams and to Amherst (or Harvard or Yale, etc.) but who opt to attend Amherst...

The college choice process can be reduced to three questions:1) Where does a student apply?2) Which schools accept the students?3) Which offer of admission does the student accept?This paper addresses question three. Specifically, we offer an econometric analysis of the matriculation decisions...