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Title: Sensitivity of School Re-enrollment to Market Conditions and the Cost of Attendance
Resulting in 1 citation.
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Oertel, Ronald |
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Sensitivity of School Re-enrollment to Market Conditions and the Cost of Attendance Working Paper, Department of Economics, The University of North Carolina, November 22, 2006. Also: http://www.roa.unimaas.nl/seminars/pdf2007/oertel.pdf Cohort(s): NLSY79 Publisher: Department of Economics, University of North Carolina at Chapel Hill Keyword(s): College Dropouts; College Education; College Enrollment; Human Capital; Labor Force Participation; Life Cycle Research; Wage Equations; Work History Permission to reprint the abstract has not been received from the publisher. Industrial realignment, in part stemming from liberalized international trade, has motivated policymakers to encourage 'lifelong learning' and skill retooling. In light of these discussions it is important to understand current reenrollment behavior, already a nontrivial phenomenon. I estimate a dynamic stochastic discrete choice model of schooling and labor force participation decisions over the life-cycle on a sample drawn from the National Longitudinal Survey of Youth (NLSY79). I use the estimates to simulate the effects of tuition subsidies restricted to individuals who are returning to school after an absence. I find that even large targeted subsidies induce only modest changes in reenrollment and earnings. The most important contributors to this result are the very large negative effects of accumulated time out of school and of prior labor force participation on the consumption value of schooling. |
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Bibliography Citation
Oertel, Ronald. "Sensitivity of School Re-enrollment to Market Conditions and the Cost of Attendance." Working Paper, Department of Economics, The University of North Carolina, November 22, 2006. |