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| 005 | 20211021100646.0 | ||
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| 022 | _a0734-306 | ||
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_aMSU _cMSU _erda |
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_aHD5706 _bJOU |
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| 100 | 1 |
_a Johnson Mathew T. _eAuthor |
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| 245 | 1 | 0 |
_aBorrowing constraints College enrollment and delayed entry _cMatthew T. Johnson |
| 264 |
_aChicago: _bUniversity of Chicago, _c2013 |
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| 336 |
_2rdacontent _atext _btxt |
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| 337 |
_2rdamedia _aunmediated _bn |
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| 338 |
_2rdacarrier _avolume _bnc |
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| 440 |
_aJournal of Labor Economics _vVolume 31 , number 4 , |
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| 520 | _aIn this article, I propose and estimate a dynamic model of education, borrowing, and work decisions of high school graduates. I examine the effect of relaxing borrowing constraints on educational attainment by simulating increases in the amount students are permitted to borrow from government-sponsored loan programs. My results indicate that borrowing constraints have a small impact on attainment: the removal of education-related borrowing constraints raises bachelor’s degree completion by 2.4 percentage points. Tuition subsidies are necessary to obtain larger increases: I find that higher subsidies for average-ability students are the most cost effective targeted tuition subsidie | ||
| 856 | _uhttps://doi.org/10.1086/669964 | ||
| 942 |
_2lcc _cJA |
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_c157612 _d157612 |
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