Joseph G. Altonji, Seth D. Zimmerman

NBER Working Paper No. 23029
Issued in January 2017

---- Acknowledgments ----

We thank Ling Zhong, Justin Young, Stephen Lamb, and Melody Haxton for outstanding research assistance. We thank Dale Bradley and the staff of the Florida Board of Governors for help accessing cost records, and Caroline Hoxby, Kevin Stange, and participants at the NBER Productivity in Higher Education conference for valuable comments. We also thank Jamie Champion, Nancy Copa, and Tammy Duncan at the Florida Department of Education Data Warehouse for helping us access student data extracts. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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