Meghir, Costas; Abbott, Brant; Gallipoli, Giovanni; … - National Bureau of Economic Research (NBER) - 2013
This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote … education, labor supply, and consumption/saving decisions. Altruistic parents make inter vivos transfers to their children … of funding for college education. We find that the current financial aid system in the U.S. improves welfare, and …