Wages and Higher Education Participation
The paper develops a model for the screening mechanism for higher education, within an adverse selection framework. Specifically it examines the effect of wage earned by high school graduates on higher education participation. The model pinpoints a positive relation between the “high school” wage and the number of candidates entered in higher education with positive influences on the quality of selection mechanism. An empirical examination is conducted, using U.S. data, in order to investigate the validity of our analytical results.
|Date of creation:||13 Sep 2009|
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Web page: https://mpra.ub.uni-muenchen.de
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- Lipowski, Adam & Ferreira, António L., 2005. "A model of student's dilemma," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 354(C), pages 539-546.
- Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-72, June.
- David Neumark & William Wascher, 1994.
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NBER Working Papers
4679, National Bureau of Economic Research, Inc.
- Neumark, David & Wascher, William, 1995. "Minimum Wage Effects on Employment and School Enrollment," Journal of Business & Economic Statistics, American Statistical Association, vol. 13(2), pages 199-206, April.
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