Marginal Returns to Public Universities. EdWorkingPaper No. 24-946

التفاصيل البيبلوغرافية
العنوان: Marginal Returns to Public Universities. EdWorkingPaper No. 24-946
اللغة: English
المؤلفون: Jack Mountjoy, Annenberg Institute for School Reform at Brown University
المصدر: Annenberg Institute for School Reform at Brown University. 2024.
الإتاحة: Annenberg Institute for School Reform at Brown University. Brown University Box 1985, Providence, RI 02912. Tel: 401-863-7990; Fax: 401-863-1290; e-mail: AISR_Info@brown.edu; Web site: http://www.annenberginstitute.org
Peer Reviewed: N
Page Count: 64
تاريخ النشر: 2024
نوع الوثيقة: Reports - Research
Education Level: Higher Education
Postsecondary Education
Descriptors: Outcomes of Education, Higher Education, Public Colleges, Universities, Minority Group Students, College Students, Cutting Scores, College Entrance Examinations, College Admission, Enrollment, Paying for College, Tuition, Student Costs, Grants, Disadvantaged
مصطلحات جغرافية: Texas
Assessment and Survey Identifiers: SAT (College Admission Test), ACT Assessment
مستخلص: This paper studies the causal impacts of public universities on the outcomes of their marginally admitted students. I use administrative admission records spanning all 35 public universities in Texas, which collectively enroll 10 percent of American public university students, to systematically identify and employ decentralized cutoffs in SAT/ACT scores that generate discontinuities in admission and enrollment. The typical marginally admitted student completes an additional year of education in the four-year sector, is 12 percentage points more likely to earn a bachelor's degree, and eventually earns 5-10 percent more than their marginally rejected but otherwise identical counterpart. Marginally admitted students pay no additional tuition costs thanks to offsetting grant aid; cost-benefit calculations show internal rates of return of 19-23 percent for the marginal students themselves, 10-12 percent for society (which must pay for the additional education), and 3-4 percent for the government budget. Finally, I develop a method to disentangle separate effects for students on the extensive margin of the four-year sector versus those who would fall back to another four-year school if rejected. Substantially larger extensive margin effects drive the results. [The Robert H. Topel Faculty Research Fund at the University of Chicago Booth School of Business provided the research funding.]
Abstractor: As Provided
Entry Date: 2024
رقم الأكسشن: ED650849
قاعدة البيانات: ERIC