Does More-Expensive College Serve as a Disincentive for High School Graduation?
Eisenmenger, Grant T.
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This paper analyzes the impact of college cost on graduation rates in secondary education. I hypothesize that college cost is a salient factor in individuals’ evaluations of the option value of a high school degree. I find mixed results but the hypothesized effect is more likely to exist relating to the cost of two-year institutions.