Economic aspects of post-secondary schooling decisions |
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| Authors: | Hope Corman Patricia K Davidson |
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| Institution: | 1. Department of Economics, Rutgers University, New Brunswick, NJ 08903, U.S.A. and National Bureau of Economic Research;2. Staff Economist, Regional Data Associates USA |
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| Abstract: | This study analyzes post-secondary schooling decisions of high-school graduates using a human-capital framework. Unlike most studies, which consider only college or no school, the current analysis considers the alternative of post-secondary occupational schools as well as four-year and two-year colleges. The model is tested using a multinomial logistic approach on state aggregated data for 1976. Cross-price elasticities reveal that post-secondary occupational schooling is a relevant substitute investment for college. Own-price elasticities have the expected negative sign and income is not found to be a significant determinant of post-secondary-school attendance. |
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