An Empirical Investigation of the Option Value of College Enrollment
نویسندگان
چکیده
منابع مشابه
An Empirical Investigation of the Option Value of College Enrollment
Since the pioneering work of Gary Becker and Jacob Mincer, the application of investment theory to the study of individuals’ education decisions has become commonplace. People are assumed to weigh short-term costs against future benefits and choose the schooling level that maximizes welfare. This static framework abstracts from uncertainty and suggests that few people should drop out if the mar...
متن کاملWeb Appendix for An Empirical Investigation of the Option Value of College Enrollment
The dataset used in estimation and simulation was constructed from several sources. Table A1 provides an overview of the main variables used in the analysis. The sample of individuals comes from the National Educational Longitudinal Study (NELS). The NELS is a longitudinal survey of a representative sample of U.S. 8th graders in 1988. Interviews were conducted in 1988, 1990, 1992, 1994, and 200...
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ژورنال
عنوان ژورنال: American Economic Journal: Applied Economics
سال: 2012
ISSN: 1945-7782,1945-7790
DOI: 10.1257/app.4.1.49