A General Equilibrium Analysis of College Enrollment, Completion, and Labor Market Outcomes
Angelica Sanchez Diaz and
Carlos Garriga ()
Additional contact information
Maria Ferreyra: The World Bank
Angelica Sanchez Diaz: World Bank
No 1282, 2018 Meeting Papers from Society for Economic Dynamics
This paper evaluates the general equilibrium effects of alternative college funding regimes, including free college and non-defaultable student loans. Our analysis suggests that the number of years that takes to break-even in the returns to college is substantially lower than in developed economies. Endogenizing the returns to education shows that policies that increase college graduation rates reduce the skill premium. This reduction is magnifi ed by the increase in the compensation to high school graduates, but the quantitative effects are very small and take years to realize. Incentive based-policies are more effective that universal policies like free tuition.
New Economics Papers: this item is included in nep-dge
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:red:sed018:1282
Access Statistics for this paper
More papers in 2018 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().