Option values, stipends and the returns to educational investment

Yochanan P. Comay; Arie Melnik; Moshe A. Pollatschek

doi:10.1016/0304-4076(77)90018-5

Option values, stipends and the returns to educational investment

Yochanan P. Comay, Arie Melnik, Moshe A. Pollatschek

Research output: Contribution to journal › Article › peer-review

Abstract

In this paper we use a dynamic model of the returns to educational investment to analyze the flow of students moving through the various stages of an educational system. Dropout and graduation rate are linked to the profitability of an educational stage and thus may be influenced by an appropriate choice of stipend level. To determine the effects of changes in stipends on the output of the educational system we hypothesize a probability distribution of abilities in the population. The parameters of this distribution permit the estimation of the effects of stipends on the graduation rate of each educational stage.

Original language	English
Pages (from-to)	243-260
Number of pages	18
Journal	Journal of Econometrics
Volume	6
Issue number	2
DOIs	https://doi.org/10.1016/0304-4076(77)90018-5
State	Published - Sep 1977
Externally published	Yes

ASJC Scopus subject areas

Economics and Econometrics
Applied Mathematics

Access to Document

10.1016/0304-4076(77)90018-5

Cite this

@article{86a37c01aa184383bfb5b836622eacc3,

title = "Option values, stipends and the returns to educational investment",

abstract = "In this paper we use a dynamic model of the returns to educational investment to analyze the flow of students moving through the various stages of an educational system. Dropout and graduation rate are linked to the profitability of an educational stage and thus may be influenced by an appropriate choice of stipend level. To determine the effects of changes in stipends on the output of the educational system we hypothesize a probability distribution of abilities in the population. The parameters of this distribution permit the estimation of the effects of stipends on the graduation rate of each educational stage.",

author = "Comay, {Yochanan P.} and Arie Melnik and Pollatschek, {Moshe A.}",

year = "1977",

month = sep,

doi = "10.1016/0304-4076(77)90018-5",

language = "English",

volume = "6",

pages = "243--260",

journal = "Journal of Econometrics",

issn = "0304-4076",

publisher = "Elsevier",

number = "2",

}

TY - JOUR

T1 - Option values, stipends and the returns to educational investment

AU - Comay, Yochanan P.

AU - Melnik, Arie

AU - Pollatschek, Moshe A.

PY - 1977/9

Y1 - 1977/9

N2 - In this paper we use a dynamic model of the returns to educational investment to analyze the flow of students moving through the various stages of an educational system. Dropout and graduation rate are linked to the profitability of an educational stage and thus may be influenced by an appropriate choice of stipend level. To determine the effects of changes in stipends on the output of the educational system we hypothesize a probability distribution of abilities in the population. The parameters of this distribution permit the estimation of the effects of stipends on the graduation rate of each educational stage.

AB - In this paper we use a dynamic model of the returns to educational investment to analyze the flow of students moving through the various stages of an educational system. Dropout and graduation rate are linked to the profitability of an educational stage and thus may be influenced by an appropriate choice of stipend level. To determine the effects of changes in stipends on the output of the educational system we hypothesize a probability distribution of abilities in the population. The parameters of this distribution permit the estimation of the effects of stipends on the graduation rate of each educational stage.

UR - http://www.scopus.com/inward/record.url?scp=49449120649&partnerID=8YFLogxK

U2 - 10.1016/0304-4076(77)90018-5

DO - 10.1016/0304-4076(77)90018-5

M3 - Article

AN - SCOPUS:49449120649

SN - 0304-4076

VL - 6

SP - 243

EP - 260

JO - Journal of Econometrics

JF - Journal of Econometrics

IS - 2

ER -

Option values, stipends and the returns to educational investment

Abstract

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this