Using Human Capital Theory to Develop a Policy Approach Towards College Student Migration in Illinois
Smith, Ryan Lee
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Permalink
https://hdl.handle.net/2142/79920
Description
Title
Using Human Capital Theory to Develop a Policy Approach Towards College Student Migration in Illinois
Author(s)
Smith, Ryan Lee
Issue Date
2006
Doctoral Committee Chair(s)
Alexander, Kern
Department of Study
Education
Discipline
Education
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Economics, Theory
Language
eng
Abstract
The purpose of this study was to use human capital theory to develop a policy approach towards college student migration in Illinois. A rate of return analysis revealed the social rate of return for college student migrants who return to Illinois and the private rate of return was 15.95%. It was estimated that due to college student migration in Fall 2000, Illinois lost 4,781 college graduate residents. The economic impact of this in terms of lost lifetime tax dollars to the State of Illinois from college student migration was estimated to be $776,400,930. Policy recommendations included mission differentiation, incentives for residents and non-residents to enroll at Illinois institutions, and encouraging college graduate residence in Illinois.
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