TY  - UNPD
A1  - Hendricks, Lutz
A1  - Leukhina, Oksana
T1  - The return to college: selection and dropout risk
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 487
N2  - This paper studies the effect of graduating from college on lifetime earnings. We develop a quantitative model of college choice with uncertain graduation. Departing from much of the literature, we model in detail how students progress through college. This allows us to parameterize the model using transcript data. College transcripts reveal substantial and persistent heterogeneity in students’ credit accumulation rates that are strongly related to graduation outcomes. From this data, the model infers a large ability gap between college graduates and high school graduates that accounts for 54% of the college lifetime earnings premium.
T3  - CFS working paper series - 487 
KW  - Education
KW  - College premium
KW  - College dropout risk
Y1  - 2014
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/35310
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-353107
UR  - http://ssrn.com/abstract=2518430
IS  - November 1, 2014
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -