This paper presents the results of a randomized controlled trial aimed at testing the effectiveness of an innovative intervention of asset building (Percorsi) on high school students' transition to the university. Contrary to most traditional forms of financial aid, the tested intervention is...

Does grant aid impact achievement differently for low- and high-income students? I exploit the eligibility requirements of a state scholarship program that awards additional funds to merit aid recipients majoring in science, technology, engineering, or math (STEM) fields. A triple difference...

Launched in 2004, the Carolina Covenant combines grant-heavy financial aid with an array of non-financial supports for low-income students at an elite public university. We find that the program increased four-year graduation rates by about 8 percentage points for eligible students in the...

In this paper, we investigate the responsiveness of the demand for college to changes in student aid arising from a Danish reform. We separately identify the effect of aid from that of other observed and unobserved variables such as parental income. We exploit the combination of a kinked aid...

In this paper, we investigate the responsiveness of the demand for college to changes in student aid arising from a Danish reform. We separately identify the effect of aid from that of other observed and unobserved variables such as parental income. We exploit the combination of a kinked aid...

This paper analyzes the impact of comprehensive and universal early childhood development programs on outcomes in middle childhood. I exploit the birth eligibility cutoff of a pioneer intervention of this type in Chile and use administrative data on grade point averages, standardized test...

I exploit the staggered roll-out of a universal early childhood development program in Chile to assess the impact of a comprehensive approach to early childhood development on outcomes in middle childhood. Using variation across time and municipalities, I study outcomes such as school...

Financial aid decreases the cost of acquiring additional education. By using Italian administrative and survey data on financial aid recipients and exploiting sharp discontinuities in the amount of aid received, this paper identifies the causal effect of aid generosity on college performance and...

Extensive global evidence suggests that conditional cash transfers (CCTs) encourage long-terminvestment in human capital by poor households. However, CCTs also have the potential to distortincentives for investment among children. If only some children in the household are monitored/subsidized...

Elisabeth Grewenig prepared this study while she was working at the Center for Economics of Education at the ifo Institute. The study was completed in March 2021 and accepted as doctoral thesis by the Department of Economics at the LMU Munich. It consists of five distinct empirical essays that...