Titelaufnahme

Titel
ProPelled: the effects of grants on graduation, earnings, and welfare / Jeffrey T. Denning (Brigham Young University and IZA), Benjamin M. Marx (University of Illinois), Lesley J. Turner (University of Maryland) ; IZA Institute of Labor Economics
VerfasserDenning, Jeffrey T. ; Marx, Benjamin M. ; Turner, Lesley J.
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, August 2018
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (36 Seiten) : Diagramme
SerieDiscussion paper ; no. 11792
URNurn:nbn:de:hbz:5:2-164826 
Zugriffsbeschränkung
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
ProPelled: the effects of grants on graduation, earnings, and welfare [0.83 mb]
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Verfügbarkeit In meiner Bibliothek
Zusammenfassung (Englisch)

We estimate effects of the Pell Grant - the largest U.S. federal grant for college students - using administrative data from Texas public colleges and a discontinuity in grant generosity for low-income students. Within four-year institutions, eligibility for additional grant aid significantly increases first-time students' degree completion and later earnings. Our estimated impacts on earnings alone are enough to fully recoup government expenditures within 10 years, suggesting that financial aid likely pays for itself several times over.