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1、TheEffectofTuitionandOpportunityCostonthePursuitandCompletionofaGraduateManagementDegreeMARKMONTGOMERYIRENEPOWELLGRINNELLCOLLEGEGRINNELL,IOWAABSTRACT.Inthisstudy,theauthorshefewstudiesthatexistonthedecisions.ThemajorityofthoseusedmultivariatestatisticalanalysistoTdemandforgraduatebus
2、inessresearchersfocusedonlyondetermi-education(Jantzen,2000;Montgomery,nantsofmatriculation(Eide,Brewer,&examinetheimpactofcostonthelikeli-2002)havefocusedontheimpactofEhrenberg,1998;Fox,1992;Weiler,hoodthatapersonwillbothenrollinandtuitioncostonthedemandforapartic-1994).Intwostudies
3、(Baker,1998;completeaMasterofBusinessAdministra-ularinstitution.WeexaminedtheEhrenberg&Mavros,1995),thetion(MBA)program.Theyconsideredbothimpactofthecostofobtainingadegreeresearchersinvestigateddeterminantsofonone’sdecisiontoenrollinagraduategraduateschoolcompletionforsamplestheexpli
4、citcostofpayingtuitionandthemanagementprogram,andonthelikeli-ofstudentswhohadalreadymadetheimplicitcost,oropportunitycost,ofearn-hoodofonecompletingaprogramoncedecisiontoattend.Forexample,Bakeringsforegonewhileinschool.Resultssug-enrolledinit.Inouranalysis,wecon-usedasetofapplicantsf
5、orfellowshipsgestthattuitionisnotamajorimpedimentsideredmorethanjusttuitioncost.forscienceandengineeringgraduateTuitionisonlytheexplicitcostofpur-schoolwhoallweregoingtoattendtoeitherpursuingorcompletinganMBA.suingagraduatemanagementdegree.theirrespectiveprograms.EhrenbergHowever,hig
6、hopportunitycosttendstoThereisalsoasubstantialimplicitcostandMavrosuseddataonstudentsreduceenrollmentanddegreecompletion.oflostearningswhileattendingschool.alreadyenrolledingraduateprogramsThelatterisusuallycalledtheopportu-infourdisciplines.Byusingdataonstu-nitycostofobtainingthedeg
7、ree.Wedentswhohavealreadymadethedeci-Copyright©2006HeldrefPublicationsconsideredtwoquestionsinthissiontoattend,sampleselectionmightresearch:(a)Howdotheexplicitandresultinbiasedestimatesoftheeffectsimplicitcostsinfluencethedecisiontooffactors,suchasability,gender,orpursueamanagementde
8、gree?and(b)r
