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Optimal Need-Based Financial Aid

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COLAS, Mark, Sebastian FINDEISEN, Dominik SACHS, 2021. Optimal Need-Based Financial Aid. In: Journal of Political Economy. University of Chicago Press. 129(2), pp. 492-533. ISSN 0022-3808. eISSN 1537-534X. Available under: doi: 10.1086/711952

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

<rdf:RDF xmlns:dcterms="" xmlns:dc="" xmlns:rdf="" xmlns:bibo="" xmlns:dspace="" xmlns:foaf="" xmlns:void="" xmlns:xsd="" > <rdf:Description rdf:about=""> <dc:contributor>Colas, Mark</dc:contributor> <dcterms:isPartOf rdf:resource=""/> <dspace:isPartOfCollection rdf:resource=""/> <dc:contributor>Findeisen, Sebastian</dc:contributor> <dc:creator>Colas, Mark</dc:creator> <dc:date rdf:datatype="">2021-02-10T14:35:59Z</dc:date> <dc:language>eng</dc:language> <dc:creator>Findeisen, Sebastian</dc:creator> <dc:creator>Sachs, Dominik</dc:creator> <dcterms:rights rdf:resource=""/> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <dspace:hasBitstream rdf:resource=""/> <bibo:uri rdf:resource=""/> <dcterms:abstract xml:lang="eng">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.</dcterms:abstract> <dspace:isPartOfCollection rdf:resource=""/> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> <dcterms:isPartOf rdf:resource=""/> <dc:contributor>Sachs, Dominik</dc:contributor> <dcterms:available rdf:datatype="">2021-02-10T14:35:59Z</dcterms:available> <dc:rights>terms-of-use</dc:rights> <dcterms:issued>2021</dcterms:issued> <dcterms:hasPart rdf:resource=""/> <dcterms:title>Optimal Need-Based Financial Aid</dcterms:title> </rdf:Description> </rdf:RDF>

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