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Optimal Need-Based Financial Aid
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OA
AI
DOI：10.1086/711952.png)
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摘要
En 中文
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.
Keyword:
DYNAMIC DISCRETE-CHOICE
EDUCATION SUBSIDIES
BORROWING CONSTRAINTS
TAXATION
TAX
ENROLLMENT
POLICIES
RETURNS
INCOME
MODEL
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期刊
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6.3
论文数:
2.6K
被引数:
3.2W
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