Wages and Higher Education Participation

MPRA (Munich Personal RePEc Archive) Working Paper No.19615

18 Pages Posted: 27 Oct 2009 Last revised: 31 Dec 2009

See all articles by Konstantinos Eleftheriou

Konstantinos Eleftheriou

University of Piraeus

George Athanasiou

National and Kapodistrian University of Athens

Panagiotis Petrakis

National and Kapodistrian University of Athens

Date Written: September 13, 2009

Abstract

The paper develops a model for the screening mechanism for higher education, within an adverse selection framework. Specifically it examines the effect of wage earned by high school graduates on higher education participation. The model pinpoints a positive relation between the “high school” wage and the number of candidates entered in higher education with positive influences on the quality of selection mechanism. An empirical examination is conducted, using U.S. data, in order to investigate the validity of our analytical results.

Keywords: Admissions, High school wage, Higher education, Quality

JEL Classification: I28, J24, J39

Suggested Citation

Eleftheriou, Konstantinos and Athanasiou, George and Petrakis, Panagiotis, Wages and Higher Education Participation (September 13, 2009). MPRA (Munich Personal RePEc Archive) Working Paper No.19615, Available at SSRN: https://ssrn.com/abstract=1494034 or http://dx.doi.org/10.2139/ssrn.1494034

Konstantinos Eleftheriou

University of Piraeus ( email )

Department of Economics
Karaoli and Dimitriou 80
Piraeus, ATTIKI 18534
Greece

George Athanasiou

National and Kapodistrian University of Athens ( email )

5 Stadiou Strt
Athens, 10562
Greece

Panagiotis Petrakis (Contact Author)

National and Kapodistrian University of Athens ( email )

5 Stadiou Strt
Athens, 10562
Greece

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