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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 …
Persistent link: https://www.econbiz.de/10010607944
stages. We use this calibrated model to study the effects of education subsidies, loans and transfers offered at different …
Persistent link: https://www.econbiz.de/10010584458
There are two obvious possibilities that can account for the rise in productivity during recent recessions. The first is that the decline in the workforce was not random, and that the average worker was of higher quality during the recession than in the preceding period. The second is that each...
Persistent link: https://www.econbiz.de/10010969215
source of productivity growth. The purpose of the paper is to estimate the structure of an equilibrium model of growth …
Persistent link: https://www.econbiz.de/10005061559
Job losses during the Great Recession were concentrated among middle-skill workers, the same group that over the long run has suffered the most from automation and international trade. How might long-run occupational polarization be related to cyclical changes in middle-skill employment? We find...
Persistent link: https://www.econbiz.de/10011207907
Since the early Nineties, a dozen states have established broad-based merit aid programs. The typical program waives tuition and fees at public colleges and universities in one's home state. Unlike traditional merit programs, such as the National Merit Scholarship, this aid requires relatively...
Persistent link: https://www.econbiz.de/10005829142
value (eNPV) of a scholarship for health care education that is conditional on the recipient entering into a contract to …
Persistent link: https://www.econbiz.de/10005830935
In the U.S. there are large differences across States in the extent to which college education is subsidized, and there … of Kennan and Walker (2011) to analyze how geographical variation in college education subsidies affects the migration …
Persistent link: https://www.econbiz.de/10011240580
We review the experimental and quasi-experimental research evidence on the causal relationship between college costs and educational attainment, with a particular focus on low-income populations. The weight of the evidence indicates that reducing college costs can increase college entry and...
Persistent link: https://www.econbiz.de/10008627134
Recent cohorts of college enrollees are more likely to work, and work substantially more, than those of the past. October CPS data reveal that average labor supply among 18 to 22-year-old full-time undergraduates nearly doubled between 1970 and 2000, rising from 6 hours to 11 hours per week. In...
Persistent link: https://www.econbiz.de/10009397143