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Direct linkAbbott, Brant; Gallipoli, Giovanni; Meghir, Costas; Violante, Giovanni L. – National Bureau of Economic Research, 2013
This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor supply, and consumption/saving decisions. Altruistic parents make inter vivos transfers to…
Descriptors: Student Financial Aid, Labor, Tuition Grants, Labor Supply
