How to Incentivize Students to Graduate Faster
At prime research universities, students study full-time and receive their Bachelors’s degree in four years. In contrast, at urban universities, many students study only part-time, and take a longer time to graduate. The sooner such a student graduates, the sooner will the society start benefiting from his or her newly acquired skills – and the sooner the student will start earning more money. It is therefore desirable to incentivize students to graduate faster. In the present paper, we propose a first-approximation solution to the problem of how to distribute a given amount of resources so as to maximally speed up students graduation.