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Author: Barber, Michael
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1. Barber, Michael
Inequalities in Educational Choice and Outcomes
Ph.D. Dissertation, Queen's University (Canada), 2019
Cohort(s): NLSY97
Publisher: ProQuest Dissertations & Theses (PQDT)
Keyword(s): College Cost; Colleges; Credit/Credit Constraint; Educational Attainment

Permission to reprint the abstract has not been received from the publisher.

This thesis examines several topics relating to family background and educational achievement. Chapter 2 examines the influence of credit constraints and government policy on college choice and educational attainment in the United States. We propose a discrete dynamic programming model of human capital accumulation where agents make schooling, borrowing, saving, and work decisions. Structural parameters of the model are estimated using from the 1997 cohort of the National Longitudinal Survey of Youth (NLSY97) and Generalized Method of Moments (GMM). The fitted model underpredicts on a number of key dimensions, but provides a preliminary framework to explore counterfactual policies. These policy experiments indicate that college choice and completion are not influenced by changes to tuition levels, interest rates or grants. We find that the non-pecuniary benefits of attending private schools plays an important role in individual college choice.
Bibliography Citation
Barber, Michael. Inequalities in Educational Choice and Outcomes. Ph.D. Dissertation, Queen's University (Canada), 2019.