Search Results
Title: College Attrition and the Dynamics of Information Revelation
Resulting in 1 citation.
| 1. |
Arcidiacono, Peter Aucejo, Esteban M. Maurel, Arnaud Ransom, Tyler |
|
College Attrition and the Dynamics of Information Revelation IZA Institute of Labor Economics (2023 November). Also: https://www.jstor.org/stable/resrep57219 Cohort(s): NLSY97 Publisher: IZA Institute of Labor Economics Keyword(s): Academic Development; Achievement; College Degree; College Dropouts; College Education; College Graduates; Higher Education; Income; Informational Friction; Schooling, Post-secondary; Wages Permission to reprint the abstract has not been received from the publisher. We examine how informational frictions impact schooling and work outcomes. To do so, we estimate a dynamic structural model where individuals face uncertainty about their academic ability and productivity, which respectively determine their schooling utility and wages. Our framework accounts for heterogeneity in college types and majors, as well as occupational search frictions and work hours. Individuals learn from grades and wages in a correlated manner and may change their choices as a result. Removing informational frictions would increase the college graduation rate by 4.4 percentage points, which would increase further by 2 percentage points in the absence of search frictions. Providing students with full information about their abilities would also result in large increases in the college and white-collar wage premia, while reducing the college graduation gap by family income. |
|
|
Bibliography Citation
Arcidiacono, Peter, Esteban M. Aucejo, Arnaud Maurel and Tyler Ransom. "College Attrition and the Dynamics of Information Revelation." IZA Institute of Labor Economics (2023 November).
|