Optimal Need-Based Financial Aid

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dc.contributor.authorColas, Mark
dc.contributor.authorFindeisen, Sebastian
dc.contributor.authorSachs, Dominik
dc.date.accessioned2021-02-10T14:35:59Z
dc.date.available2021-02-10T14:35:59Z
dc.date.issued2021eng
dc.description.abstractWe study the optimal design of student financial aid as a function of parental income. We derive optimal financial aid formulas in a general model. We estimate a model of selection into college for the United States that comprises multidimensional heterogeneity, endogenous parental transfers, dropout, labor supply in college, and uncertain returns. We quantify optimal financial aid in the estimated model and find it is strongly declining in parental income even without distributional concerns. Equity and efficiency go hand in hand.eng
dc.description.versionpublishedde
dc.identifier.doi10.1086/711952eng
dc.identifier.ppn1764888189
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dc.language.isoengeng
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dc.subject.ddc330eng
dc.titleOptimal Need-Based Financial Aideng
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  issn={0022-3808},
  journal={Journal of Political Economy},
  pages={492--533},
  author={Colas, Mark and Findeisen, Sebastian and Sachs, Dominik}
}
kops.citation.iso690COLAS, Mark, Sebastian FINDEISEN, Dominik SACHS, 2021. Optimal Need-Based Financial Aid. In: Journal of Political Economy. University of Chicago Press. 2021, 129(2), S. 492-533. ISSN 0022-3808. eISSN 1537-534X. Verfügbar unter: doi: 10.1086/711952deu
kops.citation.iso690COLAS, Mark, Sebastian FINDEISEN, Dominik SACHS, 2021. Optimal Need-Based Financial Aid. In: Journal of Political Economy. University of Chicago Press. 2021, 129(2), pp. 492-533. ISSN 0022-3808. eISSN 1537-534X. Available under: doi: 10.1086/711952eng
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