Seminario CEDE - Alejandra Montoya
This paper uses a dynamic Roy model and data from the National Longitudinal Survey of Youth 1997 to analyze the decision to pursue two-year or four-year college choices and estimate their associated net value. In this model, the net value varies across three dimensions of abilities: cognitive, socio-emotional, and mechanical, which are estimated using a measurement system. I focus on characterizing the average individual who would conclude that there was a schooling path different from the one she chose that would have led to higher net value.