School characteristics and the demand for college
Economics of Education Review Volume 17, Number 2 ISSN 0272-7757 Publisher: Elsevier Ltd
We estimate the demand for 772 U.S. colleges in 1994 by relating new applications to easily confirmable characteristics of the schools in the sample. Pooling all colleges, we find that demand is positively related to out-of-state tuition but inversely related to in-state tuition. Further, we find evidence that those who apply to public schools and private schools are distinct subpopulations. Specifically, private school applicants are more price and less income sensitive than public school applicants. That a given state has more schools has a positive effect on the number of public school applications and a negative impact on private school applications. [JEL I21, D12]
Bezmen, T. & Depken, II, C.A. School characteristics and the demand for college. Economics of Education Review, 17(2), 205-210. Elsevier Ltd.