expectations data, we find that roughly two-thirds of the income uncertainty present at the time of entrance remains at the end of … college. Taking advantage of a variety of additional survey questions, we provide evidence about how the resolution of income … uncertainty is influenced by factors such as college GPA and college major, and also examine why much income uncertainty remains …

with school system resources. The model is rich, yet sufficiently stylized to provide novel implications. It can show, for … example, that an improvement in parental outside options will reduce parental and school effort, which are partially … compensated through school resources. In this way, by incorporating the behavioral responses of parents, teachers and policymakers …

This paper presents an overview and interpretation of the literature relating school quality to students' subsequent … with varying school quality. A key insight of the model is that changes in school quality may affect the characteristics of … education. We then summarize the literature that relates school resources to students' earnings and educational attainment. A …

This paper presents an overview and interpretation of the literature relating school quality to students' subsequent … with varying school quality. A key insight of the model is that changes in school quality may affect the characteristics of … education. We then summarize the literature that relates school resources to students' earnings and educational attainment. A …