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The Role of Option Value in College Decisions, No. 16-04

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The Role of Option Value in College Decisions, No. 16-04

DATE: April 2016

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ABSTRACT: Despite the large and persistent wage premium earned by college graduates, college enrollment and graduation rates remain relatively low, particularly for students from lower-income families. Economic models that highlight the role of risk and option value in higher education decisions can help explain these trends.

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Romero, Jessica Sackett , Trachter, Nicholas and Federal Reserve Bank of Richmond. "The Role of Option Value in College Decisions, No. 16-04," Economic Brief (April 2016). https://fraser.stlouisfed.org/title/6034/item/583947, accessed on May 29, 2023.

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