ERIC Number: ED501926
Record Type: Non-Journal
Publication Date: 2007-Jan
Abstractor: As Provided
Reference Count: N/A
College Cost and Time to Complete a Degree: Evidence from Tuition Discontinuities. NBER Working Paper No. 12863
Garibaldi, Pietro; Giavazzi, Francesco; Ichino, Andrea Ichino; Rettore, Enrico
National Bureau of Economic Research
Many students enrolled in academic programs around the world take longer to obtain a degree than the normal completion time while college tuition is typically constant during the years of enrollment. In particular, it does not increase when a student remains in a program beyond the normal completion time. Using a Regression Discontinuity Design on data from Bocconi University in Italy, this paper shows that an increase of 1,000 euro in the continuation tuition reduces the probability of late graduation by at least 6.1 percentage points with respect to a benchmark average probability of 80%. We conclude suggesting that an increase in continuation tuition is efficient when effort is suboptimally supplied, for instance in the presence of public subsidies to education, congestion externalities and/or peer effects.
Descriptors: Foreign Countries, Tuition, Student Costs, Time to Degree, College Students, Probability
National Bureau of Economic Research. 1050 Massachusetts Avenue, Cambridge, MA 02138-5398. Tel: 617-588-0343; Web site: http://www.nber.org/cgi-bin/get_bars.pl?bar=pub
Publication Type: Reports - Evaluative
Education Level: Higher Education
Authoring Institution: National Bureau of Economic Research, Cambridge, MA.
Identifiers - Location: Italy