Dick Andrew W.; Edlin Aaron S.; Emch Eric R. - In: The B.E. Journal of Economic Analysis & Policy 2 (2003) 1, pp. 1-31
When parents save money for their children's college education, a portion of their savings is later taken away in the form of reduced eligibility for college financial aid. We estimate the long-run impact of this implicit asset tax by estimating family preferences over life-cycle consumption,...