Book/Printed Material Building the stock of college-educated labor
About this Item
Title
- Building the stock of college-educated labor
Summary
- "Half of college students drop out before completing a degree. These low rates of college completion among young people should be viewed in the context of slow future growth in the educated labor force, as the well-educated baby boomers retire and new workers are drawn from populations with historically low education levels. This paper establishes a causal link between college costs and the share of workers with a college education. I exploit the introduction of two large tuition subsidy programs, finding that they increase the share of the population that completes a college degree by three percentage points. The effects are strongest among women, with white women increasing degree receipt by 3.2 percentage points and the share of nonwhite women attempting or completing any years of college increasing by six and seven percentage points, respectively. A cost-benefit analysis indicates that tuition reduction can be a socially efficient method for increasing college completion. However, even with the offer of free tuition, a large share of students continue to drop out, suggesting that the direct costs of school are not the only impediment to college completion"--National Bureau of Economic Research web site.
Names
- Dynarski, Susan M.
- National Bureau of Economic Research
Created / Published
- Cambridge, MA : National Bureau of Economic Research, c2005.
Headings
- - College costs--United States
- - Education, Higher--Economic aspects--United States
- - Skilled labor--United States--Forecasting
- - Women--Education (Higher)--United States
Notes
- - Title from PDF file as viewed on 9/15/2005.
- - Includes bibliographical references.
- - Also available in print.
- - Mode of access: World Wide Web.
- - System requirements: Adobe Acrobat Reader.
Call Number/Physical Location
- HB1
Digital Id
- https://hdl.loc.gov/loc.gdc/gdcebookspublic.2005618919
- http://papers.nber.org/papers/W11604 External
Library of Congress Control Number
- 2005618919
Access Advisory
- Unrestricted online access
Online Format
- image