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- W2909549968 abstract "This paper evaluates the general equilibrium effects of alternative college funding regimes, including free college and non-defaultable student loans. Our analysis suggests that the number of years that takes to break-even in the returns to college is substantially lower than in developed economies. Endogenizing the returns to education shows that policies that increase college graduation rates reduce the skill premium. This reduction is magnifi ed by the increase in the compensation to high school graduates, but the quantitative effects are very small and take years to realize. Incentive based-policies are more effective that universal policies like free tuition." @default.
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- W2909549968 date "2018-01-01" @default.
- W2909549968 modified "2023-09-27" @default.
- W2909549968 title "A General Equilibrium Analysis of College Enrollment, Completion, and Labor Market Outcomes" @default.
- W2909549968 hasPublicationYear "2018" @default.
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