Search Results
Author: Oertel, Ronald
Resulting in 3 citations.
| 1. |
Oertel, Ronald |
|
College Entry, Dropout and Re-Enrollment: The Role of Tuition and Labor Market Conditions Ph.D. Dissertation, The University of North Carolina at Chapel Hill, 2008 Cohort(s): NLSY79 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Bayesian; College Cost; College Education; College Enrollment; Education, Adult; Human Capital; Modeling; Skills; Tuition Permission to reprint the abstract has not been received from the publisher. Industrial realignment in the United States, in part stemming from liberalized international trade, has motivated policymakers to encourage 'lifelong learning' and skill retooling. In light of these discussions it is important to understand current college going behavior, with a particular focus on college entry or re-entry at older ages, which is already a nontrivial phenomenon. I estimate a dynamic stochastic discrete choice model of schooling and labor force participation decisions over the life-cycle on a sample drawn from the National Longitudinal Survey of Youth (NLSY79). Employing value function interpolation methods in solving the dynamic programming problem, I estimate the model by Maximum Likelihood. My estimates fit the observed patterns reasonably well. I then ask how enrollment behavior would change in response to alterations in people's opportunities, including subsidies targeted at individuals already in the labor market. One such simulation shows that even a policy that fully eliminates tuition for persons with at least one year of work experience will raise the number of individuals who obtain a college degree by only 2.4%. |
|
|
Bibliography Citation
Oertel, Ronald. College Entry, Dropout and Re-Enrollment: The Role of Tuition and Labor Market Conditions. Ph.D. Dissertation, The University of North Carolina at Chapel Hill, 2008. |
| 2. |
Oertel, Ronald |
|
Sensitivity of School Re-enrollment to Market Conditions and the Cost of Attendance Working Paper, Department of Economics, The University of North Carolina, November 22, 2006. Also: http://www.roa.unimaas.nl/seminars/pdf2007/oertel.pdf Cohort(s): NLSY79 Publisher: Department of Economics, University of North Carolina at Chapel Hill Keyword(s): College Dropouts; College Education; College Enrollment; Human Capital; Labor Force Participation; Life Cycle Research; Wage Equations; Work History Permission to reprint the abstract has not been received from the publisher. Industrial realignment, in part stemming from liberalized international trade, has motivated policymakers to encourage 'lifelong learning' and skill retooling. In light of these discussions it is important to understand current reenrollment behavior, already a nontrivial phenomenon. I estimate a dynamic stochastic discrete choice model of schooling and labor force participation decisions over the life-cycle on a sample drawn from the National Longitudinal Survey of Youth (NLSY79). I use the estimates to simulate the effects of tuition subsidies restricted to individuals who are returning to school after an absence. I find that even large targeted subsidies induce only modest changes in reenrollment and earnings. The most important contributors to this result are the very large negative effects of accumulated time out of school and of prior labor force participation on the consumption value of schooling. |
|
|
Bibliography Citation
Oertel, Ronald. "Sensitivity of School Re-enrollment to Market Conditions and the Cost of Attendance." Working Paper, Department of Economics, The University of North Carolina, November 22, 2006. |
| 3. |
Oertel, Ronald |
|
The Effect of Tuition and Labor Market Conditions on College Entry, Dropout and Re-enrollment Working Paper, Department of Economics, The University of North Carolina at Chapel Hill, December 2, 2007. Also: http://www.unc.edu/~oertel/Job_paper.pdf Cohort(s): NLSY79 Publisher: Department of Economics, University of North Carolina at Chapel Hill Keyword(s): Bayesian; College Dropouts; College Education; College Enrollment; Human Capital; Modeling; Tuition; Work Experience Permission to reprint the abstract has not been received from the publisher. Industrial realignment in the United States, in part stemming from liberalized international trade, has motivated policymakers to encourage 'lifelong learning' and skill retooling. In light of these discussions it is important to understand current college going behavior, with a particular focus on college entry or re-entry at older ages, which is already a nontrivial phenomenon. I estimate a dynamic stochastic discrete choice model of schooling and labor force participation decisions over the life-cycle on a sample drawn from the National Longitudinal Survey of Youth (NLSY79). Employing value function interpolation methods in solving the dynamic programming problem, I estimate the model by Maximum Likelihood. My estimates fit the observed patterns reasonably well. I then ask how enrollment behavior would change in response to alterations in people's opportunities, including subsidies targeted at individuals already in the labor market. One such simulation shows that even a policy that fully eliminates tuition for persons with at least one year of work experience will raise the number of individuals who obtain a college degree by only 2.4%. |
|
|
Bibliography Citation
Oertel, Ronald. "The Effect of Tuition and Labor Market Conditions on College Entry, Dropout and Re-enrollment." Working Paper, Department of Economics, The University of North Carolina at Chapel Hill, December 2, 2007. |