Murphy, Richard and Wyness, Gill (2023) Testing means-tested aid. Journal of Labor Economics, 41 (3). pp. 687-727. ISSN 0734-306X
Full text not available from this repository.Abstract
We estimate the effect of an unexpected institutional financial aid (IFA) award on student outcomes using administrative data collected from nine universities, exploiting variation in IFA schedules within and across university-entry cohorts. Each £1,000 of IFA during the first year of college increases the chances of completing that year by 1.4 percentage points, improves test scores by 0.059 standard de- viations, and increases the chances of graduating with a good degree by 3.4 percentage points. We find that high-ability and low-income students benefit the most and calculate outcome-maximizing and cost-minimizing IFA schedules for each university.
| Item Type: | Article |
|---|---|
| Additional Information: | © 2023 The University of Chicago. |
| Divisions: | LSE Centre for Economic Performance |
| Subjects: | H Social Sciences > HB Economic Theory |
| Date Deposited: | 07 Nov 2023 12:51 |
| Last Modified: | 25 Apr 2024 18:36 |
| URI: | http://eprints.lse.ac.uk/id/eprint/120662 |
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