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    College Attrition and the Dynamics of Information Revelation

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    Date
    2016-05-31
    Authors
    Arcidiacono, Peter S
    Aucejo, E
    Maurel, Arnaud Pierre
    Ransom, T
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    Abstract
    This paper investigates the role played by informational frictions in college and the workplace. We estimate a dynamic structural model of schooling and work decisions, where individuals have imperfect information about their schooling ability and labor market productivity. We take into account the heterogeneity in schooling investments by distinguishing between two- and four-year colleges, graduate school, as well as science and non-science majors for four-year colleges. Individuals may also choose whether to work full-time, part-time, or not at all. A key feature of our approach is to account for correlated learning through college grades and wages, whereby individuals may leave or re-enter college as a result of the arrival of new information on their ability and productivity. Our findings indicate that the elimination of informational frictions would increase the college graduation rate by 9 percentage points, and would increase the college wage premium by 32.7 percentage points through increased sorting on ability.
    Type
    Journal article
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    https://hdl.handle.net/10161/13192
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    Scholars@Duke

    Arcidiacono

    Peter S. Arcidiacono

    Professor of Economics
    Professor Arcidiacono specializes in research involving applied microeconomics, applied economics, and labor economics. His research primarily focuses on education and discrimination. His work focuses specifically on the exploration of a variety of subjects, such as structural estimation, affirmative action, minimum wages, teen sex, discrimination, higher education, and dynamic discrete choice models, among others. He recently received funding from a National Science Foundation Grant for his pro
    Maurel

    Arnaud Maurel

    Assistant Professor in the Department of Economics
    Professor Maurel’s research focuses on labor economics, economics of education, and microeconometrics. Most of his non-methodological work lies at the intersection between the economics of education and labor economics, with a focus on post-secondary education demand and occupational choices, along with the production of skills and their returns on the labor market. On the methodological side, his research is primarily concerned with the identification and estimation of selection and treat
    Ransom

    Tyler Ransom

    Affiliate
    I am a postdoctoral associate at Social Science Research Institute (SSRI).
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