Building the Stock of College-Educated Labor

Journal of Human Resources, 2008, vol. 43, issue 3, 576-610

Abstract: Half of college students drop out without completing a degree. This paper establishes a causal link between college costs and degree completion. I use quasi-experimental methodology to analyze two state scholarship programs. The programs increase the share of the exposed population with a college degree by three percentage points, with stronger effects among women. A cost-benefit analysis indicates that the programs are socially efficient at rates of return to schooling as low as 5 percent. Even with the offer of free tuition, many students continue to drop out, suggesting tuition costs are not the only impediment to college completion.

Date: 2008
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Related works:
Working Paper: Building the Stock of College-Educated Labor (2005)
Working Paper: Building the Stock of College-Educated Labor (2005)
Working Paper: Building the Stock of College-Educated Labor (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:43:y:2008:i:3:p:576-610

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