The PAA conference handout (PDF) is cryptic and dense, but it captures the methods side of what I’m doing right now. I don’t think it replaces the other attempts to measure graduation, in part because few states can produce age-based statistics at the moment. On the other hand, the explicit modeling can show the sensitivity of graduation measures to migration/transfer rates (considerable), and it’s a way to get at other issues (including good measures of retention and possibly dropping out, though that’s also sensitive to migration/transfer rate misspecification).
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