| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13196 |
| DP13196 Optimal Need-Based Financial Aid | |
| Dominik Sachs; Sebastian Findeisen; Mark Colas | |
| 发表日期 | 2018-09-20 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We study the optimal design of student financial aid as a function of parental income. We derive optimal financial aid formulas in a general model. For a simple model version, we derive mild conditions on primitives under which poorer students receive more aid even without distributional concerns. We quantitatively extend this result to an empirical model of selection into college for the United States that comprises multidimensional heterogeneity, endogenous parental transfers, dropout, labor supply in college, and uncertain returns. Optimal financial aid is strongly declining in parental income even without distributional concerns. Equity and efficiency go hand in hand. |
| 主题 | Public Economics |
| 关键词 | Financial aid College subsidies Optimal taxation Inequality |
| URL | https://cepr.org/publications/dp13196 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541999 |
| 推荐引用方式 GB/T 7714 | Dominik Sachs,Sebastian Findeisen,Mark Colas. DP13196 Optimal Need-Based Financial Aid. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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