Dearden, Lorraine, Fitzsimons, Emla and Wyness, Gill (2014) Money for nothing: estimating the impact of student aid on participation in higher education. Economics of Education Review, 43. pp. 66-78. ISSN 0272-7757
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Abstract
Understanding how higher education (HE) finance policy can affect HE decisions is important for understanding how governments can promote human capital accumulation. Yet there is a severe lack of evidence on the effectiveness of student aid in encouraging HE participation outside of the US, and none at all for the UK. This paper exploits a reform that took place in the UK in 2004, when maintenance grants were introduced for students from low income families, having been abolished since 1999. This reform occurred in isolation of any other policy changes, and did not affect students from relatively better off families, making them a potential control group. We use a difference-in-difference framework to estimate the effect of the reform on HE undergraduate participation. We find a positive impact of maintenance grants, with a £1000 increase in grants leading to a 3.95 percentage point increase in participation.
| Item Type: | Article |
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| Official URL: | http://www.sciencedirect.com/science/journal/02727... |
| Additional Information: | © 2014 The Authors |
| Divisions: | Centre for Economic Performance |
| Subjects: | L Education > LB Theory and practice of education > LB2300 Higher Education |
| JEL classification: | I - Health, Education, and Welfare > I2 - Education > I21 - Analysis of Education I - Health, Education, and Welfare > I2 - Education > I22 - Educational Finance I - Health, Education, and Welfare > I2 - Education > I28 - Government Policy |
| Date Deposited: | 07 Jan 2015 09:05 |
| Last Modified: | 12 Dec 2024 00:44 |
| URI: | http://eprints.lse.ac.uk/id/eprint/60603 |
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