Christopher Avery

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The Missing "One-Offs": The Hidden Supply of High-Achieving, Low-Income Students

by Caroline M. Hoxby, Christopher Averyvia Brookings Papers on Economic Activity
Tuesday, April 1, 2014

We show that the vast majority of low-income high achievers do not apply to any selective college.  This is despite the fact that selective institutions typically cost them less, owing to generous financial aid, than the two-year and nonselective four-year institutions to which they actually apply.

A Revealed Preference Ranking of American Colleges and Universities

by Christopher Avery, Mark Glickman, Caroline M. Hoxby, Andrew Metrickvia Quarterly Journal of Economics
Thursday, December 13, 2012

We present a method of ranking U.S. undergraduate programs based on students’ revealed preferences. When a student chooses a college among those that have admitted him, that college “wins” his “tournament.” Our method efficiently integrates the information from thousands of such tournaments.

Do and Should Financial Aid Decisions Affect Students' College Choices?

by Christopher Avery, Caroline M. Hoxbyvia National Bureau of Economic Research
Saturday, February 1, 2003

Every year, thousands of high school seniors with high college aptitude face complicated menus' of scholarship and aid packages designed to affect their college choices. Using an original survey designed for this paper, we investigate whether students respond to their menus' like rational human capital investors.