000			02791cam a22003857 4500
001			w18745
003			NBER
005			20211020110353.0
006			m o d
007			cr cnu||||||||
008			210910s2013 mau fo 000 0 eng d
100	1		_aJacob, Brian.
245	1	0	_aCollege as Country Club: _bDo Colleges Cater to Students' Preferences for Consumption? / _cBrian Jacob, Brian McCall, Kevin M. Stange.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2013.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w18745
500			_aJanuary 2013.
520	3		_aThis paper investigates whether demand-side market pressure explains colleges' decisions to provide consumption amenities to their students. We estimate a discrete choice model of college demand using micro data from the high school classes of 1992 and 2004, matched to extensive information on all four-year colleges in the U.S. We find that most students do appear to value college consumption amenities, including spending on student activities, sports, and dormitories. While this taste for amenities is broad-based, the taste for academic quality is confined to high-achieving students. The heterogeneity in student preferences implies that colleges face very different incentives depending on their current student body and the students who the institution hopes to attract. We estimate that the elasticities implied by our demand model can account for 16 percent of the total variation across colleges in the ratio of amenity to academic spending, and including them on top of key observable characteristics (sector, state, size, selectivity) increases the explained variation by twenty percent.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aI20 - General _2Journal of Economic Literature class.
690		7	_aI21 - Analysis of Education _2Journal of Economic Literature class.
690		7	_aI23 - Higher Education • Research Institutions _2Journal of Economic Literature class.
690		7	_aJ01 - Labor Economics: General _2Journal of Economic Literature class.
690		7	_aJ18 - Public Policy _2Journal of Economic Literature class.
700	1		_aMcCall, Brian. _930887
700	1		_aStange, Kevin M.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w18745.
856	4	0	_uhttps://www.nber.org/papers/w18745
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w18745
942			_2ddc _cW-PAPER
999			_c329379 _d287941