The name is absent

Finally, higher unemployment rates appears to reduce the probability of entering a
four-year institution, increase the risk of dropout and decrease the rate of college
graduation. These results are consistent with the notion that the unemployment rate
reflects financial constraints on college-going behavior.

There are some limitations of the study. First, the NLSY79 does not include
detailed information on financial aid which has been found to affect college behavior
(Cabera, 1992; Edlin, 1993; Fischer, 1992; McPherson and Schapiro2 1998; DesJardins,
Ahlburg and McCall, 2002).¹⁶ Second, measures of employment opportunities rather than
the unemployment rate have not been investigated. Third, information on the
characteristics of the colleges considered or attended and the GPA attained by individuals
while at a particular institution were not available. This latter information may give one
indication of the student-institution match. Finally, a limitation of this study was that
only one year of average in-state tuition data was used to measure the tuition costs facing
an individual. More detailed data on public and private, two-year and four-year
institution tuition may give better estimates of the impact of relative tuition rates on
college choice and post-secondary educational attainment.

¹⁶ Despite this limitation, Dynarski (1999) was able to use the NLSY to examine the impact of financial aid
on college attendance. She constructed a variable for whether or not a respondents father died before they
were 18 years of age. She used this variable to proxy for eligibility for Social Security Student Benefits
and found that eligibility for the program raised the probability of attendance by about twenty percentage
points and that a $1,000 increase in aid increased the probability of attendance by four percentage points.

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