Aftermarket Frictions and the Cost of Off-Platform Options in Centralized Assignment Mechanisms.

Autor/inn/en	Kapor, Adam; Karnani, Mohit; Neilson, Christopher
Institution	National Bureau of Economic Research
Titel	Aftermarket Frictions and the Cost of Off-Platform Options in Centralized Assignment Mechanisms.
Quelle	Cambridge, Mass.: National Bureau of Economic Research (2022), 51 S. PDF als Volltext (1); PDF als Volltext (2) Link als defekt meldenVerfügbarkeit
Reihe	NBER working paper series. w30257
Beigaben	Illustrationen
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
DOI	10.3386/w30257
Schlagwörter	Chile; Sozialhilfe; Student; Studium; Humankapital; Absolvent; Studienfinanzierung; Sozialhilfe; Humankapital; Studium; Studienfinanzierung; Arbeitspapier; Absolvent; Student; Chile
Abstract	We study the welfare and human-capital impacts of the configuration of on- and off-platform options in the context of Chile's centralized higher education platform, leveraging administrative data and two policy changes: an expansion of the number of on-platform slots by approximately 40% and the introduction of a large scholarship program. We first show that more programs' joining the platform led students to start college sooner and raised the share of students who graduated on time. We then develop a model of college applications, offers, waitlists, and matriculation choices, which we estimate using students' ranked-ordered applications, on- and off-platform enrollment, and on-time graduation outcomes. When more programs join the platform, welfare increases, and the extent of aftermarket frictions matters less for welfare, enrollment, and graduation rates. High-SES students have greater access to off-platform options, and gains from platform expansion are larger for students from lower-SES backgrounds. Our results indicate that expanding the scope of a higher education platform can have real impacts on welfare and human capital.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2023/1