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 …, labor supply in college, and uncertain returns. Optimal financial aid is strongly declining in parental income even without …

, even though displacement episodes early in children’s lives have the largest impacts on household income (because they … persist for many years), displacement episodes occurring in the children’s teenage years have the largest effects on human … capital accumulation. We show that most of the effects operate through the intensive margin of schooling, and that children …

perceptions of intergenerational mobility change along the income distribution. Empirically, we conduct a survey experiment in … Austria and show that the average treatment effect of information on perceptions is mostly driven by higher income individuals … while low-income respondents hardly react. We replicate this result for the United States and Germany using data from two …

are consistent with these grades being insufficiently salient for students to alter actual student behaviors …

years. The intervention includes students aged 7-9 and consists of pulling students from their regular mathematics classes … school year. All students, not only struggling students, are pulled out. We find that students in treatment schools increased …

We investigate the impact of the presence of university dropouts on the academic success of first-time students. Our … of dropouts on first-time students’ success masks treatment heterogeneity and non-linearities. First, we find negative …

effects on school grades, but these negative effects are largely confined to children born extremely preterm (<28 weeks of … gestation, i.e. born at least 10 weeks earlier). Children born moderately preterm (i.e. born up to 5 weeks early) suffer no ill … school environment is very important for the outcomes of preterm born children, such that those born extremely preterm that …

the Swedish income tax schedule. Using population-wide register data from the Swedish military enlistment and …

-shaped consumption age profiles. The main driver behind lifecycle consumption variations are lifecycle income changes, which display … similar flattening. Employing a lifecycle model we show changes in income are sufficient to match the movements in consumption …