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Title: Dynamics of Postsecondary Educational Attainment
Resulting in 1 citation.
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Spletzer, James R. |
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Dynamics of Postsecondary Educational Attainment Ph.D. Dissertation, Northwestern University, 1990 Cohort(s): Mature Women, Older Men, Young Men, Young Women Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): College Education; Educational Attainment; Educational Costs; Family Income; Human Capital Theory; Life Cycle Research; Pairs (also see Siblings); Schooling, Post-secondary; Tuition This dissertation is an empirical examination of the dynamics of post-secondary educational enrollment patterns using the theoretic framework of the economic life cycle model. Specifically, are there economic factors which explain why individuals delay or interrupt their investment in post-secondary educational attainment. The first essay uses the utility maximization life cycle model to analyze the explanation that intertemporal variation in the relative prices of post-secondary educational attainment (the financing of tuition costs) and labor supply (the life cycle wage profile) influences the allocation of time among college, work, and leisure. This study uses panel data on college graduates from the NLS of the High School class of 1972. It is found that higher amounts of the financing of tuition costs reduces the time allocated to pre-graduation labor supply and has uncertain effects on the time allocated to educational investment. Higher pre-graduation wages reduces the time allocated to educational investment and increases the time allocated to educational investment and increases the time allocated to pre-graduation labor supply. In a reduced form analysis, financial background variables which proxy for liquidity constraints can not explain the dynamics of post-secondary education. The second essay tests for the presence of liquidity constraints in educational attainment. The income maximization life cycle model of human capital accumulation is modified with non-negativity wealth constraints. The education and labor market status of recent high school graduates are matched with the financial information of their parents using the NLS. The empirical results indicate that liquidity constraints appear to be a significant factor in explaining the post-secondary educational patterns of individuals from financially constrained families. However, there is evidence that liquidity constraints do not affect the timing of enrollment for individuals who have started college. [UMI ADG91-14640] |
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Bibliography Citation
Spletzer, James R. Dynamics of Postsecondary Educational Attainment. Ph.D. Dissertation, Northwestern University, 1990. |