When students themselves enjoy large degrees of freedom in determining the duration of their studies, it results in a fairly large degree of interindividual variance in terms of time-to-degree. This paper investigates individual time-to-degree in a model where students determine the optimum...

We use data from the youth component of the British Household Panel Survey to examine how educational attitudes and aspirations among 11-15 year olds vary across the business cycle. We find that the impact of the local unemployment rate on children's attitudes and aspirations varies...