Academic admissions standards: Implications for output, distribution, and mobility

Yaakov Gilboa, Moshe Justman

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

We examine the trade-offs implicit in academic admissions standards when students are charged cost-based tuition and offered loans that remove liquidity constraints. Lowering entry requirements while holding graduation requirements fixed increases aggregate output and promotes a more equal distribution ofwages, but reduces relative income mobility and diminishes the scope for affirmative action. Lowering admissions standards while raising graduation requirements, so that the number of graduates remains constant, has little direct effect on output, distribution, or mobility, but again reduces the scope for affirmative action. Income-based affirmative action offers a better trade-off between output and relative mobility than income-neutral admissions.

Original languageEnglish
Pages (from-to)1105-1133
Number of pages29
JournalJournal of the European Economic Association
Volume3
Issue number5
DOIs
StatePublished - 1 Sep 2005

ASJC Scopus subject areas

  • Economics, Econometrics and Finance (all)

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