Search Results

No results found.

(refine search)
SORT BY: PREVIOUS / NEXT
Author:Sachs, Dominik 

Working Paper
Optimal Need-Based Financial Aid

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. For a simple model version, we derive mild conditions on primitives under which poorer students receive more aid even without distributional concerns. We quantitatively extend this result to an empirical model of selection into college for the United States that comprises multidimensional heterogeneity, endogenous parental transfers, dropout, labor supply in college, and uncertain returns. Optimal financial aid is strongly declining in parental ...
Opportunity and Inclusive Growth Institute Working Papers , Paper 14

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

H21 1 items

H23 1 items

I22 1 items

I24 1 items

I28 1 items

FILTER BY Keywords

PREVIOUS / NEXT