Based on a detailed model of the German tax-benefit system, this paper simulates private and fiscal returns to education for college graduates and college dropouts. Completing a five-year college degree is found to be associated with an internal rate of return (IRR) of 14.2% for gross earnings,...

This paper considers how a state such as Michigan can increase the economic development benefits of higher education. Research evidence suggests that higher education increases local economic development principally by increasing the quality of the local workforce, and secondarily by increasing...

In many countries, individuals are admitted to university based entirely on their scores on standardized tests or admission exams. Candidates from traditionally disadvantaged subgroups typically attain lower scores on these exams than the rest of the population and as a result are denied...

Although most U.S. institutions of higher education now make appreciable use of work-based learning options, their attention to experiential education as a learning vehicle is relatively limited. The connection between the work experience and the on-campus curriculum is only loosely formed, and...

In January 2005, the ban on tuition in Germany has been declared unlawful. As a result, many 'Lander' developed plans to introduce tuition fees as soon as possible. It is shown in this paper, that the impact of tuition is very different among states. The willingness to pay varies not only by...

A central authority designs and implements the college admissions process in Turkey. All applicants are required to take an SAT-like test and submit their preferences over the departments. Then, the central authority places the applicants in departments. This procedure generates a fair placement...