College Cost and Time to Complete a Degree: Evidence from Tuition Discontinuities
Name
Garibaldi-2012-COLLEGE COST AND TIME TO COMPLETE A DEGREE.pdf
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355.96 KB
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Author(s)
Garibaldi, Pietro
Giavazzi, Francesco
Ichino, Andrea
Rettore, Enrico
Date Issued
April 2011
Journal
Review of Economics and Statistics
Publisher
MIT Press
Citation
Garibaldi, Pietro et al. “College Cost and Time to Complete a Degree: Evidence from Tuition Discontinuities.” Review of Economics and Statistics 94.3 (2012): 699–711. © 2012 The MIT Press
Version
Final published version
Abstract
University tuition typically remains constant throughout the years of enrollment while delayed degree completion is increasingly a problem for academic institutions around the world. Theory suggests that if continuation tuition were raised, the probability of late graduation would be reduced. Using a regression discontinuity design on data from Bocconi University in Italy, we show that a 1,000 euro increase in continuation tuition reduces the probability of late graduation by 5.2% when the benchmark probability is 80%. This decline is not associated with an increase in the dropout rate or a fall in the quality of students performance.
MIT Department
Massachusetts Institute of Technology. Department of Economics
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Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
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DOI of Published Version
https://doi.org/10.1162/REST_a_00195
