| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6094 |
| DP6094 A Generalized Portfolio Approach to Limited Risk Arbitrage: Evidence from the MSCI Global Index Change | |
| Harald Hau | |
| 发表日期 | 2007-02-14 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | For many students throughout the world the time to obtain an academic degree extends beyond the normal completion time while college tuition is typically constant during the years of enrollment. In particular, it does not increase when a student remains in a program beyond the normal completion time. Using a Regression Discontinuity Design on data from Bocconi University in Italy, this paper shows that a tuition increase of 1,000 euro in the last year of studies would reduce the probability of late graduation by 6.1 percentage points with respect to a benchmark average probability of 80%. We conclude suggesting that an upward sloping tuition profile is efficient in situations in which effort is suboptimally supplied, for instance in the presence of public subsidies to education, congestion externalities and/or peer effects. |
| 主题 | Labour Economics ; Public Economics |
| 关键词 | Tuition Students' performance Regression discontinuity |
| URL | https://cepr.org/publications/dp6094 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534933 |
| 推荐引用方式 GB/T 7714 | Harald Hau. DP6094 A Generalized Portfolio Approach to Limited Risk Arbitrage: Evidence from the MSCI Global Index Change. 2007. |
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