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University Choice
by
Delavande, Adeline
, Zafar, Basit
in
College students
/ Constraints
/ Dropping out
/ Earnings
/ Economic models
/ Economic theory
/ Expectations
/ Labor market
/ Political economy
/ Prospects
/ School choice
/ Schools
/ Subjectivity
/ Welfare
2019
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University Choice
by
Delavande, Adeline
, Zafar, Basit
in
College students
/ Constraints
/ Dropping out
/ Earnings
/ Economic models
/ Economic theory
/ Expectations
/ Labor market
/ Political economy
/ Prospects
/ School choice
/ Schools
/ Subjectivity
/ Welfare
2019
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Journal Article
University Choice
2019
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Overview
We investigate the determinants of students’ university choice in Pakistan, with a focus on monetary returns, nonpecuniary factors enjoyed at school, and financial constraints. To mitigate the identification problem concerning the separation of preferences, expectations, and market constraints, we use rich data on subjective expectations, with direct measures of financial constraints, to estimate a life-cycle model of school choice jointly with school-specific expectations of dropping out. We find that labor market prospects play a small role. Instead, nonpecuniary outcomes, such as the school’s ideology, are the major determinants. Policy simulations suggest that relaxing financial constraints would have large welfare gains.
Publisher
University of Chicago Press,The University of Chicago Press,University of Chicago, acting through its Press
Subject
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