Why Youths Drop out of High School: The Impact of Preferences, Opportunities, and Abilities
构建并估计了一个高中出勤与工作决策的序贯模型，发现辍学者在能力、动机、预期收益、工作比较优势和休闲偏好上不同于毕业生，且上学期间工作会降低学业表现，但禁止工作对白人男性毕业率影响有限。
In this paper, we develop and structurally estimate a sequential model of high school attendance and work decisions. The model's estimates imply that youths who drop out of high school have different traits than those who graduate—they have lower school ability and/or motivation, they have lower expectations about the rewards from graduation, they have a comparative advantage at jobs that are done by nongraduates, and they place a higher value on leisure and have a lower consumption value of school attendance. We also found that working while in school reduces school performance. However, policy experiments based on the model's estimates indicate that even the most restrictive prohibition on working while attending high school would have only a limited impact on the high school graduation rates of white males.