Further processing options
Tuition, debt, and human capital
Saved in:
| Authors and Corporations: | , , , |
|---|---|
| Other Authors: | Fos, Vyacheslav [Author] • Liberman, Andres [Author] • Yannelis, Constantine [Author] |
| Edition: | Revised December 2020 |
| Type of Resource: | E-Book |
| Language: | English |
| published: | |
| Series: |
Federal Reserve Bank of New York: Staff reports ; no. 912 (December 2020)
|
| Source: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
| Summary: | This paper investigates the effects of college tuition on student debt and human capital accumulation. We exploit data from a random sample of undergraduate students in the United States and implement a research design that instruments for tuition with relatively large changes to the tuition of students who enrolled at the same school in different cohorts. We find that $10,000 in higher tuition causally reduces the probability of graduating with a graduate degree by 6.2 percentage points and increases student debt by $2,961. Higher tuition also reduces the probability of obtaining an undergraduate degree among poorer, credit-constrained students. Thus, the relatively large increases in the price of education in the United States in the past decade can affect the accumulation of human capital. |
|---|---|
| Physical Description: | 1 Online-Ressource (circa 56 Seiten); Illustrationen |