NBER WORKING PAPER SERIES THE EFFECTS OF EARNINGS DISCLOSURE ON COLLEGE ENROLLMENT DECISIONS
NBER WORKING PAPER SERIES THE EFFECTS OF EARNINGS DISCLOSURE ON COLLEGE ENROLLMENT DECISIONS
复制标题
NBER 工作论文系列：收益披露对大学招生决策的影响
DOI：
--
复制
发表时间：
2015
期刊：
影响因子：
--
通讯作者：
Seth D. Zimmerman
中科院分区：
文献类型：
--
作者：
Justine S. Hastings;Christopher A. Neilson;Seth D. Zimmerman
我们使用大规模的调查和实地实验来评估一项政策，该政策为智利的大学申请者提供了有关大学和专业特定收入和成本结果的信息。这项干预措施由智利政府管理，覆盖了30%的学生贷款申请人。我们发现，申请低收入大学学位课程的低收入和低成就学生高估了过去毕业生的收入超过100%，而对高成就学生的信念是正确的。治疗使低收入家庭的学生对低回报学位的需求减少了4.6%，并增加了他们在大学至少呆四年的可能性。为了了解机制驱动的披露政策的效果，我们估计一个模型的大学需求。我们发现，披露改变了大学的选择，减少收入结果的不确定性，但其影响是有限的强烈的学生偏好的非金钱学位属性。贾斯汀·黑斯廷斯·布朗大学经济系64沃特曼街普罗维登斯，RI 02912和NBER贾斯汀·s·黑斯廷斯@ gmail.com克里斯托弗·A。普林斯顿大学凡士通图书馆，A2 H室，新泽西州普林斯顿，08544和NBER cneilson@princeton.edu赛斯D。芝加哥大学齐默尔曼布斯商学院南5807。Woodlawn Avenue芝加哥，IL 60637和NBER seth.齐默尔曼@ chicagobooth.edu 4492随机对照试验注册入口可在https://www.socialscienceregistry.org/trials/598/history/4492http://www.nber.org/data-appendix/w21300获得在线附录可在www.example.com上获得
We use a large-scale survey and field experiment to evaluate a policy that provided information about collegeand major-specific earnings and cost outcomes to college applicants in Chile. The intervention was administered by the Chilean government and reached 30% of student loan applicants. We show that the low-income and low-achieving students who apply to low-earning college degree programs overestimate earnings for past graduates by over 100%, while beliefs for high-achieving students are correctly centered. Treatment causes low-income students to reduce their demand for low-return degrees by 4.6%, and increases the likelihood they remain in college for at least four years. To understand the mechanisms driving the effect of disclosure policies we estimate a model of college demand. We find that disclosure changes college choice by reducing uncertainty about earnings outcomes, but that its impact is limited by strong student preferences for non-pecuniary degree attributes. Justine Hastings Brown University Department of Economics 64 Waterman Street Providence, RI 02912 and NBER justine.s.hastings@gmail.com Christopher A. Neilson Woodrow Wilson School Princeton University Firestone Library, Room A2H Princeton, NJ 08544 and NBER cneilson@princeton.edu Seth D. Zimmerman Booth School of Business University of Chicago 5807 S. Woodlawn Avenue Chicago, IL 60637 and NBER seth.zimmerman@chicagobooth.edu 4492 A randomized controlled trials registry entry is available at https://www.socialscienceregistry.org/trials/598/history/4492 An Online Appendix is available at http://www.nber.org/data-appendix/w21300
影响因子：
5.7
作者：
Neumann, J;Lohmann, G;von Cramon, DY
通讯作者：
von Cramon, DY