Optimal Need-Based Financial Aid

Colas, Mark; Findeisen, Sebastian; Sachs, Dominik

Optimal Need-Based Financial Aid

Dateien

Colas_2-jotru774r63m6.pdfGröße: 6.54 MBDownloads: 132

Datum

2021

Autor:innen

Colas, Mark

Findeisen, Sebastian

Sachs, Dominik

Open Access-Veröffentlichung

Open Access Green

Sammlungen

Wirtschaftswissenschaften
Exzellenzcluster "Die politische Dimension von Ungleichheit"

Publikationstyp

Zeitschriftenartikel

Publikationsstatus

Published

Erschienen in

Journal of Political Economy. University of Chicago Press. 2021, 129(2), pp. 492-533. ISSN 0022-3808. eISSN 1537-534X. Available under: doi: 10.1086/711952

Zusammenfassung

We 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.

Fachgebiet (DDC)

330 Wirtschaft

Zitieren

ISO 690

COLAS, 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: 10.1086/711952

BibTex

@article{Colas2021Optim-52790,
  year={2021},
  doi={10.1086/711952},
  title={Optimal Need-Based Financial Aid},
  number={2},
  volume={129},
  issn={0022-3808},
  journal={Journal of Political Economy},
  pages={492--533},
  author={Colas, Mark and Findeisen, Sebastian and Sachs, Dominik}
}

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Universitätsbibliographie

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