This paper uses panel data that cover the 1972-79 period obtained from the National Longitudinal Survey of the High School Class of 1972 to study how male students' employment while in college influences their academic performance, persistence in school, decisions to enroll in graduate school,...

Our paper provides a model of optimal financial aid policies for a selective university. The model implies that the financial aid package to be offered to each category of admitted applicants depends on the elasticity of the fraction who accept offers of admission with respect to the financial...