The Effect of Credit Constraints on the College Drop-Out Decision: A Direct Approach Using a New Panel Study

Ralph Stinebrickner and Todd Stinebrickner

American Economic Review, 2008, vol. 98, issue 5, 2163-84

Abstract: A serious difficulty in determining the importance of credit constraints in education arises because standard data sources do not provide a direct way of identifying which students are credit constrained. This paper differentiates itself from previous work by taking a direct approach, made possible by unique longitudinal data from the Berea Panel Study. The results from our study of Berea College students suggest that, while credit constraints likely play an important role in the drop-out decisions of some students, the large majority of attrition of students from low-income families should be primarily attributed to reasons other than credit constraints. (JEL I21, I22)

JEL-codes: I21 I22 (search for similar items in EconPapers)
Date: 2008
Note: DOI: 10.1257/aer.98.5.2163
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Citations: View citations in EconPapers (178)

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Related works:
Working Paper: The Effect of Credit Constraints on the College Drop-Out Decision A Direct Approach Using a New Panel Study (2007)
Working Paper: The Effect of Credit Constraints on the College Drop-Out Decision: A Direct Approach Using a New Panel Study (2007)
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