Three factors that may influence a high school graduate's decision to attend college are considered: (1) his ability, (2) the cost of attending college, and (3) the socioeconomic status of his parents. The results, based on a probit analysis, indicate that factors (1) and (3) are strong...

This paper attempts to shed new light on the extent to which college education brings financial returns. It recognizes the existence of a number of variables that are likely to affect the financial returns that education produces for a given person -particularly the student's "ability" and...