This dissertation studies the effect of higher education costs on students' outcomes in the labor market, particularly when credit constraints are absent. It utilizes the UK's institutional setting to identify such an effect. The key findings are as follows. (i) Increasing tuition fees does not have adverse effects on students as long as credit…

Existing research generally confirms a countercyclical education enrollment, whereby youths seek shelter in the educational system to avoid hardships in the labor market: the "discouraged worker" thesis. Alternatively, the "encouraged worker" thesis predicts that economic downturns steer individuals away from education because…

We study the UK's university application system, in which students apply based on predicted examination grades, rather than actual results. Using three years of UK university applications data we find that only 16% of applicants' predicted grades are accurate, with 75% of applicants having over-predicted grades. However, high-attaining,…

"Education at a Glance: OECD Indicators" is the authoritative source for information on the state of education around the world. It provides data on the structure, finances and performance of education systems in the 35 OECD and a number of partner countries. With more than 100 charts and tables, Education at a Glance 2018 imparts key…