What Shapes Retrospective Perceptions of College Financial Value? Replication Code
Description
This replication package contains the code necessary to replicate all tables and figures in the paper. Replication requires downloading publicly available data from two sources and running the code in sequence.
Files
Steps to reproduce
SOFTWARE REQUIREMENTS --------------------- - Stata 17 or later (SE or MP recommended) - Required packages: estout, outreg2, feologit To install packages: ssc install estout ssc install outreg2 ssc install feologit REPLICATION INSTRUCTIONS ------------------------ Step 1: Download data 1. Download SHED public use files (public2014.dta through public2024.dta) from the Federal Reserve website 2. Create an IPUMS CPS extract with the variables and samples listed above; download in Stata format and save as cps_asec_2014_2024.dta Step 2: Set file paths 1. Place all raw data files in appropriate directories 2. Open code/00_master.do and modify the global paths: - shedpath: location of SHED raw data files - cpspath: location of CPS data file - datapath: location for intermediate data files - outpath: location for tables and figures Step 3: Run code Run 00_master.do, which executes all files in sequence. Alternatively, run each file individually in order (see table below). CODE FILES ---------- Order File Description Output ----- ----------------------------- --------------------------------------- --------------------------- 1 01_shed_merge.do Merges SHED waves 2014-2024 SHED_pooled_2014_2024.dta 2 02_shed_harmonisation.do Harmonizes variables across years SHED_harmonised_2014_2024.dta 3 03_sample_construction.do Creates analysis sample SHED_analysis_sample.dta 4 04_cps_signal_construction.do Constructs CPS signal, merges to SHED Updates SHED_analysis_sample.dta 5 05_descriptive_statistics.do Table 1: Sample characteristics Table1_Descriptive_Stats.xlsx 6 06_cross_sectional_analysis.do Tables 2-3, Figures 1-2 Multiple tables and figures 7 07_panel_analysis.do Table 4: Panel estimation Panel_Results.rtf 8 08_apc_robustness.do Appendix Table A4: APC analysis APC_Table.doc Estimated runtime: approximately 45-60 minutes (APC models are computationally intensive)
Institutions
- Manchester Metropolitan University Business School