Graduates, Dropouts and Slow Finishers: The Effects of Credit Constraints on University Outcomes
研究了信贷约束对大学辍学、毕业和慢完成的影响，发现信贷约束与辍学正相关，尤其对高中成绩较低的学生影响更大；成绩好的受约束学生毕业概率高13-15%，慢完成概率低13-15%。
Abstract The effect of credit constraints on university outcomes is studied. Credit constraints have a negative relationship with dropout, especially on lower achieving high school graduates. Credit constrained students with strong high school achievement are 13–15% more (less) likely to graduate (be slow finishers) relative to otherwise similar students who are potentially or unlikely constrained. Using competing risk analysis, we find dropout is most likely in the first year of study and falls over time for all students. After 3 years of study, the risk of dropout increases for students who are constrained suggesting constraints may eventually bind on these students.