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The Demand for College Education in Postwar Japan

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  • Yoshi-Fumi Nakata
  • Carl Mosk

Abstract

Since 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 Info

Article provided by University of Wisconsin Press in its journal Journal of Human Resources.

Volume (Year): 22 (1987)
Issue (Month): 3 ()
Pages: 377-404

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Handle: RePEc:uwp:jhriss:v:22:y:1987:i:3:p:377-404

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Web page: http://jhr.uwpress.org/

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Cited by:
  1. Duchesne, I. & Nonneman, W., 1998. "The Demand for Higher Education in Belgium," Economics of Education Review, Elsevier, vol. 17(2), pages 211-218, April.
  2. KAWAGUCHI Daiji & MORI Yuko, 2014. "Winning the Race against Technology," Discussion papers 14017, Research Institute of Economy, Trade and Industry (RIETI).
  3. 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.
  4. 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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