| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27125 |
| 来源ID | Working Paper 27125 |
| The Effects of Need-Based Financial Aid on Employment and Earnings: Experimental Evidence from the Fund for Wisconsin Scholars | |
| Deven E. Carlson; Alex Schmidt; Sarah Souders; Barbara L. Wolfe | |
| 发表日期 | 2020-05-11 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | In this paper, we leverage the random assignment of a need-based financial aid grant offer—the Fund for Wisconsin Scholars (FFWS) grant—and several sets of administrative records to provide experimental evidence on the effects of the grant offer on students’ in-state employment and earnings. For students in four-year universities, our results demonstrate significant employment reductions in the two years immediately following the aid offer as well as in the sixth, seventh, and eighth after receiving the randomized grant offer. We also find the aid offer to reduce these students’ in-state earnings throughout the full eight-year period we study. However, we show that the aid offer increases student grade point average, suggesting that the employment and earnings reductions during students’ in-college years are attributable to a reallocation of time and effort away from employment and toward coursework. For students’ post-college years, we provide suggestive evidence that the reductions are attributable to a combination of two mechanisms: 1) Reduced loan debt offering greater financial flexibility when selecting among employment options, and 2) Offer-induced outstate migration. We find little evidence that the FFWS grant offer affects the labor market outcomes of students in two-year institutions, although the effects for students in technical colleges are significantly more positive than the effects for students in two-year colleges in the University of Wisconsin System. |
| 主题 | Health, Education, and Welfare ; Education |
| URL | https://www.nber.org/papers/w27125 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584798 |
| 推荐引用方式 GB/T 7714 | Deven E. Carlson,Alex Schmidt,Sarah Souders,et al. The Effects of Need-Based Financial Aid on Employment and Earnings: Experimental Evidence from the Fund for Wisconsin Scholars. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27125.pdf（566KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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