Calendrier du 25 mai 2016
Development Economics Seminar
Du 25/05/2016 de 17:00 à 18:30
Campus jourdan,Bâtiment G, Rez de chaussée, Salle 8
NEILSON Christophe NEILSON (Princeton)
THE EFFECTS OF EARNINGS DISCLOSURE ON COLLEGE ENROLLMENT DECISIONS
écrit avec Justine Hastings and Seth D. Zimmerman
We test the impact of information about institution- and major-specific labor market outcomes on
college enrollment decisions using a randomized controlled trial administered within the online Chilean
federal student loan application process. Using linked secondary and post-secondary education records
and tax returns for fourteen cohorts of Chilean high school graduates, we created measures of past-cohort
earnings for nearly all institution and major combinations in the Chilean higher education system.
Applicants were asked a series of survey questions about their enrollment plans and their beliefs about
earnings and cost outcomes. Following the survey questions, randomly selected applicants were given
information on earnings and costs for past students at their planned enrollment choices, as well as
access to a searchable database that allowed them to compare earnings and costs across degrees. Students
have unbiased but highly variable beliefs about costs, and upward-biased beliefs about earnings outcomes.
Poorer students have less accurate information and choose lower-earning degrees conditional on baseline
ability and demographics. While treatment has no effect on whether students enroll in postsecondary
education, it does cause low-SES students to enroll in degrees where earnings net of costs were higher
for past enrollees. Though effect sizes are small, they substantially exceed the cost of implementing
the disclosure policy.
Economic History Seminar
Du 25/05/2016 de 12:30 à 14:00
Campus jourdan,Bâtiment G, Rez de chaussée, Salle 8
SCHULARICK Moritz ()
In Debt We Trust, U.S. Household Debt 1950-2013.