Why Do Households Leave School Value Added on the Table? The Roles of Information and Preferences-Reference-Cited by-同舟云学术

Why Do Households Leave School Value Added on the Table? The Roles of Information and Preferences

Published:2023-04-01 Issue:4 Volume:113 Page:1049-1082
ISSN:0002-8282
Container-title:American Economic Review
language:en
Short-container-title:American Economic Review

Author:

Ainsworth Robert¹,Dehejia Rajeev²,Pop-Eleches Cristian³,Urquiola Miguel⁴

Affiliation:

1. University of Florida (email: )

2. New York University and NBER (email: )

3. Columbia University, BREAD, and NBER (email: )

4. Columbia University and NBER (email: )

Abstract

Romanian households could choose schools with one standard deviation worth of additional value added. Why do households leave value added “on the table”? We study two possibilities: (i) information and (ii) preferences for other school traits. In an experiment, we inform randomly selected households about schools' value added. These households choose schools with up to 0.2 standard deviations of additional value added. We then estimate a discrete choice model and show that households have preferences for a variety of school traits. As a result, fully correcting households' beliefs would eliminate at most a quarter of the value added that households leave unexploited. (JEL D12, D83, I21, I28)

Publisher

American Economic Association

Subject

Economics and Econometrics

Link

https://pubs.aeaweb.org/doi/pdf/10.1257/aer.20210949

Reference40 articles.

1. The Elite Illusion: Achievement Effects at Boston and New York Exam Schools

2. Do Parents Value School Effectiveness?

3. Free to Choose: Can School Choice Reduce Student Achievement?

4. Regression Discontinuity in Serial Dictatorship: Achievement Effects at Chicago's Exam Schools

5. Ainsworth, Robert, Rajeev Dehejia, Cristian Pop-Eleches, and Miguel Urquiola. 2023. "Replication Data for: Why Do Households Leave School Value Added on the Table? The Roles of Information and Preferences." American Economic Association [publisher], Inter-university Consortium for Political and Social Research [distributor]. https://doi.org/10.3886/E181263V1.

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