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to explain these shifts. Over the entire horizon, observable characteristics of students and institutions explain about …
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weekly earnings. Utilizing the fact that colleges dismiss low-performing students based on exact GPA cutoffs, we use a … regression discontinuity design to estimate the earnings impacts of college. Dismissed students are permitted to apply for … readmission, but since relatively few do so, these students end up completing fewer years of school and are approximately 10 …
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