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The Role Of Option Value In College Decisions
Saturday, April 16, 2016 4:33
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from the Richmond Fed
– this post authored by Jessie Romero and Nicholas Trachter
Despite the large and persistent wage premium earned by college graduates, college enrollment and graduation rates remain relatively low, particularly for students from lower-income families. Economic models that highlight the role of risk and option value in higher education decisions can help explain these trends.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201604160610
