In this paper we investigate the determinants of higher education enro
lment in The Netherlands and estimate three different economic models
referring to investment motives, consumption motives, and a combinatio
n of these two. By estimating these models for different years (1982 a
nd 1991) we identify changes over time. The importance of financial va
riables appears to be vanishing. Moreover, we find that enrolment is n
o longer related to ability variables. We offer explanations for these
findings. Finally, we employ the results to simulate some policy meas
ures.