The Demand for College Education in Postwar Japan
AbstractSince World War II the number of Japanese college applications has expanded at an impressive rate. This paper concentrates on evaluating the extent to which economic factors underlie this expansion. Salient among the findings are results suggesting that an important segment of the population, whom we call "marginal investors," respond sensitively to shortrun economic factors governing higher education. These factors include direct college costs, the household liquidity constraints, and the probability of entering a large firm. It also appears that the quality of college education has been an important determinant of postwar demand for college education in Japan.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Journal of Human Resources.
Volume (Year): 22 (1987)
Issue (Month): 3 ()
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Web page: http://jhr.uwpress.org/
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- Ono, Hiroshi, 1999.
"Does Examination Hell Pay Off? A Cost-Benefit Analysis of "Ronin" and College Education in Japan,"
Working Paper Series in Economics and Finance
346, Stockholm School of Economics, revised 22 Aug 2000.
- Ono, Hiroshi, 2007. "Does examination hell pay off ? A cost-benefit analysis of "ronin" and college education in Japan," Economics of Education Review, Elsevier, vol. 26(3), pages 271-284, June.
- Duchesne, I. & Nonneman, W., 1998. "The Demand for Higher Education in Belgium," Economics of Education Review, Elsevier, vol. 17(2), pages 211-218, April.
- Ono, Hiroshi, 2004. "Are sons and daughters substitutable?: Allocation of family resources in contemporary Japan," Journal of the Japanese and International Economies, Elsevier, vol. 18(2), pages 143-160, June.
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