This volume was prepared by Benedikt Siegler while working at the Center for the Economics of Education of the Ifo Institute. It was completed in June 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich (LMU) in November 2014. The thesis includes...

This volume was prepared by Benedikt Siegler while working at the Center for the Economics of Education of the Ifo Institute. It was completed in June 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich (LMU) in November 2014. The thesis includes...

This paper evaluates whether the expansion of higher education is economically worthwhile based on a recent surge in the number of campuses and college graduates in Russia. Our empirical strategy relies on the marginal treatment effect method in both normal and semi‐parametric versions, and...

Transparency vs. opacity is an important dimension of college admission policy. Colleges may gain useful information from a holistic review of applicants' materials, but in doing so may contribute to uncertainty that discourages potential applicants with poor information. This paper investigates...

This paper uses factor models to identify and estimate distributions of counterfactuals. We extend LISREL frameworks to a dynamic treatment effect setting, extending matching to account for unobserved conditioning variables. Using these models, we can identify all pairwise and joint treatment...

This paper estimates the rate of return to the High/Scope Perry Preschool Program, an early intervention program targeted toward disadvantaged African-American youth. Estimates of the rate of return to the Perry program are widely cited to support the claim of substantial economic benefits from...