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College Education And The Midcentury Gi Bills

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Author Info
Marcus Stanley
Abstract

The midcentury GI bills were the largest direct scholarship program for higher education in American history. I use a comparison group created by the sharp cutoff date of the Korean War GI bill to evaluate the effects of the Korean War GI bill on postsecondary educational attainment and access to college by the disadvantaged. I then bound the likely effects of the World War II GI bill based on elasticities estimated for the Korean War GI bill and new estimates using older veterans as a comparison group for younger ones. I find that the combination of the Korean War and WWII GI bills probably increased total postsecondary attainment among all men born between 1921 and 1933 by about 15 to 20 percent, with smaller effects for surrounding cohorts. The impacts of both programs on college attainment were apparently concentrated among veterans from families in the upper half of the distribution of socioeconomic status. © 2001 the President and Fellows of Harvard College and the Massachusetts Institute of Technology

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Article provided by MIT Press in its journal The Quarterly Journal of Economics.

Volume (Year): 118 (2003)
Issue (Month): 2 (May)
Pages: 671-708
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Handle: RePEc:tpr:qjecon:v:118:y:2003:i:2:p:671-708

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  2. Chinhui Juhn & Dae-Il Kim & Francis Vella, 2004. "The Expansion of College Education in the United States: Is There Evidence of Declining Cohort Quality?," Working Papers 2004-02, Department of Economics, University of Houston. [Downloadable!]
  3. Robert A. J. Dur & Amihai Glazer, 2005. "Subsidizing Enjoyable Education," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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  4. Mary MacKinnon & Daniel Parent, 2006. "Resisting The Melting Pot: The Long Term Impact Of Maintaining Identity For Franco-Americans In New England," Departmental Working Papers 2005-03, McGill University, Department of Economics. [Downloadable!]
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