Estimating the Effect of Financial Aid Offers on College Enrollment: A Regression-Discontinuity Approach
Wilbert van der Klaauw ()
International Economic Review, 2002, vol. 43, issue 4, 1249-1287
An important problem faced by colleges and universities, that of evaluating the effect of their financial aid offers on student enrollment decisions, is complicated by the likely endogeneity of the aid offer variable in a student enrollment equation. This article shows how discontinuities in an East Coast college's aid assignment rule can be exploited to obtain credible estimates of the aid effect without having to rely on arbitrary exclusion restrictions and functional form assumptions. Semiparametric estimates based on a regression-discontinuity (RD) approach affirm the importance of financial aid as an effective instrument in competing with other colleges for students. Copyright 2002 by the Economics Department of the University of Pennsylvania and Osaka University Institute of Social and Economic Research Association
References: Add references at CitEc
Citations: View citations in EconPapers (287) Track citations by RSS feed
Downloads: (external link)
http://openurl.ingenta.com/content?genre=article&i ... volume=43&spage=1249 (application/pdf)
Free access to full text is restricted to Ingenta subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ier:iecrev:v:43:y:2002:i:4:p:1249-1287
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0020-6598
Access Statistics for this article
International Economic Review is currently edited by Harold L. Cole
More articles in International Economic Review from Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association 160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297. Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing ().