EconPapers    
Economics at your fingertips  
 

Borrowing Constraints, College Aid, and Intergenerational Mobility

Eric Hanushek (), Charles Leung () and Kuzey Yilmaz

Journal of Human Capital, 2014, vol. 8, issue 1, 1 - 41

Abstract: This paper provides a consistent comparison of general tuition subsidies, need-based student aid, merit-based student aid, and income-contingent loans (ICL). Each of these policies is analyzed through a dynamic general equilibrium model in which individuals differ in family wealth and opportunities of completing college. The overlapping-generation structure of the model permits evaluation of different aid schemes in their implications on the aggregate outcomes, income distribution, and intergenerational mobility. Compared to current US tuition and loan policies, the ICL and need-based policies are most effective in promoting aggregate efficiency and income equality, while merit-based policies are least effective.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

Downloads: (external link)
http://dx.doi.org/10.1086/675501 (application/pdf)
http://dx.doi.org/10.1086/675501 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
Working Paper: Borrowing Constraints, College Aid, and Intergenerational Mobility (2014) Downloads
Working Paper: Borrowing Constraints, College Aid, and Intergenerational Mobility (2014) Downloads
Working Paper: Borrowing Constraints, College Aid, and Intergenerational Mobility (2004) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:jhucap:doi:10.1086/675501

Access Statistics for this article

More articles in Journal of Human Capital from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().

 
Page updated 2019-11-13
Handle: RePEc:ucp:jhucap:doi:10.1086/675501