1. “(Un)informed College and Major Choice”: Verification in an alternate setting.
- Author
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Huntington-Klein, Nick
- Subjects
- *
EDUCATION costs , *EDUCATIONAL finance , *HIGHER education , *UNIVERSITIES & colleges , *STUDENT loans - Abstract
In their recent paper “(Un)informed College and Major Choice: Evidence from Linked Survey and Administrative Data,” Hastings, Neilson, Ramirez, & Zimmerman (2016) provide an informal costly-information model, linking family background to students’ beliefs about educational costs and benefits. They verify predictions of their model using a data set of beliefs about college institutions and majors among Chilean college applicants and students. I test some of those same predictions using a data set of beliefs about college institutions and different levels of college education among high school students in the United States. I verify their predictions, with some exceptions, supporting the use of their costly-search model. [ABSTRACT FROM AUTHOR]
- Published
- 2016
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