Essence of Student Life

I found a nice quote in a paper that Martin sent me

"...for Levy_Garboua (1976) entering a university does not only give the expectation of satisfaction relating to future financial betterment resulting from investment in education, but also gives satisfaction assoicated with the student status. This status does indeed allow individuals to enjoy time-consuming non-market activities (leisure, culture, prospecting the marriage market, and so on) which they would not be able to perform at so little cost during their adult life due to their job requirements"

its a nice expression of incentive driven accounts of higher ed. we should also think more about the nature of discounting among students and also about biological aspects of decision making at that age.