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• W2022741697 abstract "Abstract Enrollment models are estimated for three Puerto Rico university systems. The opportunity cost and benefit to education are both measured as expected wage rates, a formulation which appears appropriate given the island's historically high unemployment rates. From the consumption function literature support is found for short-term, rather than a future oriented, decision framework to underlie the models. The models also include variables to test a market segmentation hypothesis. The empirical estimates mostly have good statistical properties, and the hypothesis that the universities are not substitutes for one another is accepted. The study also replicates findings that explain student decisions to undertake higher education in terms of reward motivated behavior. The higher education demand function can be identified since universities in Puerto Rico generally finance their expansion by long-term loans and bond issues, rather than through tuition hikes." @default.
• W2022741697 created "2016-06-24" @default.
• W2022741697 creator A5080732723 @default.
• W2022741697 date "1993-09-01" @default.
• W2022741697 modified "2023-09-27" @default.
• W2022741697 title "The demand for higher education in Puerto Rico" @default.
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• W2022741697 doi "https://doi.org/10.1016/0272-7757(93)90008-5" @default.
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