A note on the demand for enrollment in higher education |
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Authors: | George Psacharopoulos |
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Institution: | (1) London School of Economics, London, London |
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Abstract: | Summary This paper extends the basic Markov-chain, transition-proportions model by considering human capital investment behavioural variables. The demand for enrolment in higher education is expressed as a function of tuition, income and relative wages of graduates. According to the empirical results the hypothesis cannot be rejected that high school graduates are investment oriented in their decision to enrol to college. |
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