Levine, Phillip B.; Ritter, Dubravka - National Bureau of Economic Research - 2022
Study (NPSAS), and the Panel Study of Income Dynamics (PSID). We show that this treatment of assets provides an implicit … subsidy worth thousands of dollars annually to students from families with above-median incomes. White students receive larger … subsidies relative to Black students and Hispanic students with similar family incomes, and this gap in subsidies is associated …