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At first glance, college appears to be of great value to most, given its mean returns and sharply subsidized tuition. An empirically-disciplined human capital model that allows for variation in college readiness suggests otherwise: Nearly half of high school completers place zero value on access...
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Based on a representative survey of new college graduates in China, we examine the impact of college location on their location choice upon graduation. We use a discrete choice model and the BLP method to solve the endogeneity problem of housing cost and to estimate the unobservable location...
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This paper analyzes the effects of assignment to a one-year college preparatory program on academic performance in college. To measure the value added from pre-college programs, we use a large dataset of United States Naval Academy students from the 1988 to 2018 graduating classes, of which a...
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