IDEAS home Printed from https://ideas.repec.org/a/tpr/restat/v69y1987i1p33-41.html
   My bibliography  Save this article

A Model of Educational Investment Decisions

Author

Listed:
  • Catsiapis, George

Abstract

From a probit model of enrollments, estimates of the expected net present value of post secondary education are developed for a sample of high school graduates, based e xclusively on individual expectations of the relevant costs and benefits at the time of the enrollment decision. The results are very plausible and consistent w ith rate-of-return estimates from studies which rely on ex post income data. Thi s suggests that students have rational expectationsand relatively good informat ion about future employment opportunities and other factors which determine the returns to educational investment. Copyright 1987 by MIT Press.

Suggested Citation

  • Catsiapis, George, 1987. "A Model of Educational Investment Decisions," The Review of Economics and Statistics, MIT Press, vol. 69(1), pages 33-41, February.
    • Handle: RePEc:tpr:restat:v:69:y:1987:i:1:p:33-41
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0034-6535%28198702%2969%3A1%3C33%3AAMOEID%3E2.0.CO%3B2-G&origin=repec
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sandra E. Black & Amir Sufi, 2002. "Who Goes to College? Differential Enrollment by Race and Family Background," NBER Working Papers 9310, National Bureau of Economic Research, Inc.
    2. Carla Sá & Raymond Florax & Piet Rietveld, 2006. "Does Accessibility to Higher Education Matter? Choice Behaviour of High School Graduates in the Netherlands," Spatial Economic Analysis, Taylor & Francis Journals, vol. 1(2), pages 155-174.
    3. Laura M. Crispin, 2017. "Extracurricular Participation, “At-Risk” Status, and the High School Dropout Decision," Education Finance and Policy, MIT Press, vol. 12(2), pages 166-196, Spring.
    4. Angelo Antoci & Irene Brunetti & Pierluigi Sacco & Mauro Sodini, 2021. "Student evaluation of teaching, social influence dynamics, and teachers’ choices: An evolutionary model," Journal of Evolutionary Economics, Springer, vol. 31(1), pages 325-348, January.
    5. Salas, Vania B., 2014. "International Remittances and Human Capital Formation," World Development, Elsevier, vol. 59(C), pages 224-237.
    6. Angelo Antoci & Irene Brunetti & Pierluigi Sacco & Mauro Sodini, 2017. "Student Evaluation of Teaching (SET), social influence dynamics, and teachers' choices: An evolutionary model," Discussion Papers 2017/225, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    7. Díaz Serrano, Lluís & Pérez, Jessica Helen, 2013. "Impact of Duration of Primary Education on School Enrollment, Graduation and Drop-outs: A Cross- Country Analysis," Working Papers 2072/220757, Universitat Rovira i Virgili, Department of Economics.
    8. Light, Audrey, 1995. "Hazard model estimates of the decision to reenroll in school," Labour Economics, Elsevier, vol. 2(4), pages 381-406, December.
    9. Díaz Serrano, Lluís & Pérez Reynosa, Jessica Helen, 2018. "Impact of Duration of Primary Education on Enrollment in Secondary Education: Panel Data Evidence from Developing Countries," Working Papers 2072/351582, Universitat Rovira i Virgili, Department of Economics.
    10. Rong Chen & Peter Riley Bahr, 2021. "How Does Undergraduate Debt Affect Graduate School Application and Enrollment?," Research in Higher Education, Springer;Association for Institutional Research, vol. 62(4), pages 528-555, June.
    11. Elliott, William & Choi, Eun Hee & Destin, Mesmin & Kim, Kevin H., 2011. "The age old question, which comes first? A simultaneous test of children's savings and children's college-bound identity," Children and Youth Services Review, Elsevier, vol. 33(7), pages 1101-1111, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tpr:restat:v:69:y:1987:i:1:p:33-41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kelly McDougall (email available below). General contact details of provider: https://direct.mit.edu/journals .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.