Using data from the 2012 Programme for International Students Assessment (PISA) for Italy, this paper investigates … whether financial literacy skills play a role in shaping the value that high school students place on schooling. We … hypothesize that higher financial literacy may foster students' awareness of the financial and non-financial benefits of gaining …

points, which is less than the 3.2-percentage point drop in enrolment, indicating many deterred students would not have … in systems with high dropout rates and "ghost students"-students enrolling primarily for non-educational benefits. …

. Several factors contribute to this pattern. Students who expect only a small award are much more likely to forgo BAföG, while … non-take-up rates. We also observe notable regional differences as students from East Germany are more likely to apply …

students, whether effects vary by ability, and whether allowing students to choose their goals improves outcomes. We find that … incentives negatively affect performance, particularly among low-ability students assigned high goals. Survey data suggest this … negative impact arises from a mismatch between assigned goals and students' abilities, distorting their reference points and …

I evaluate a financial aid policy which automatically granted 1,800 euros annually to low-income students scoring in … the top 5% of high school students and enrolling in higher education. Using a regression discontinuity design, I find that …. These null results do not appear to be driven by (i) students being unaware of this aid, (ii) crowding out of parents …

reduces six-year associate degree attainment for lower-SES students, and may induce small enrollment shifts among Hispanic and … White students toward four-year colleges. Our findings of these minimal-at-best impacts contrast those of prior works …

. We exploit unique administrative data from Colombia on the universe of students, institutions, and programs to control …

regression discontinuity design, we show that marginally eligible students forego vocational education in favor of universities …, their labor market outcomes are not different from those of ineligible students. We find suggestive evidence that the lower … cutoff and show that supra-marginal students benefit from this policy …

For-profit providers have become an important fixture of U.S. higher education markets. Students who attend for … selective public schools. Because for-profits tend to serve students from more disadvantaged backgrounds, it is important to … different latent supply of for-profit institutions. The first-stage estimates show that students are much more likely to enroll …

Using a large sample of over 1,000 students from a major, land-grant, public university in Massachusetts, we examine … the financial literacy level of college students, and its implications on the repayment of student debt. We find low … levels of financial literacy (39.5%), particularly among female (26%), minority (24%) and first-generation (33%) students …