000			01016nam a22001457a 4500
999			_c520317 _d520317
008			220907b ||||| |||| 00| 0 eng d
100			_aCai, Zhifeng and Heathcote, Jonathan _933914
245			_aCollege tuition and income inequality
260			_aAmerican Economic Review
300			_a112(1), Jan, 2022: p.81-121
520			_aThis paper evaluates the role of rising income inequality in explaining observed growth in college tuition. We develop a competitive model of the college market, in which college quality depends on instructional expenditure and the average ability of admitted students. An innovative feature of our model is that it allows for a continuous distribution of college quality. We find that observed increases in US income inequality can explain more than half of the observed rise in average net tuition since 1990 and that rising income inequality has also depressed college attendance. – Reproduced
773			_aAmerican Economic Review
906			_aEDUCATION
942			_cAR