The Long Run Impacts of Merit Aid: Evidence from California's Cal Grant
The Long Run Impacts of Merit Aid: Evidence from California's Cal Grant
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功绩援助的长期影响：来自加州加州大学助学金的证据
DOI：
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发表时间：
2016
期刊：
影响因子：
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通讯作者：
Bruce I. Sacerdote
中科院分区：
文献类型：
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作者：
E. Bettinger;Oded Gurantz;Laura Kawano;Bruce I. Sacerdote
我们通过跟踪学生高中毕业后长达 14 年的教育和劳动力成果，研究加州州财政援助的长期影响。我们通过利用申请者事前未知的 GPA 和家庭收入截止点来利用资格规则的变化来确定计划的影响。援助资格可以提高本科和研究生学位的完成率，对于某些亚群体来说，还可以提高长期年收入以及年轻人居住在加州的可能性。援助资格对高等教育的佩尔或联邦税收抵免的接受没有影响。这些发现表明，财政援助计划的净成本可能经常被高估，尽管我们的结果太不精确，无法提供准确的成本效益估计。
We examine the long-term impacts of California’s state-based financial aid by tracking students’ educational and labor force outcomes for up to 14 years after high school graduation. We identify program impacts by exploiting variation in eligibility rules using GPA and family income cutoffs that are ex ante unknown to applicants. Aid eligibility increases undergraduate and graduate degree completion, and for some subgroups, raises longer-run annual earnings and the likelihood that young adults reside in California. Aid eligibility has no impact on take-up of the Pell or federal tax credits for higher education. These findings suggest that the net cost of financial aid programs may frequently be overstated, though our results are too imprecise to provide exact cost-benefit estimates.