Merit Aid, College Quality and College Completion: Massachusetts' Adams Scholarship as an In-Kind Subsidy.

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Merit Aid, College Quality and College Completion: Massachusetts' Adams Scholarship as an In-Kind Subsidy.

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Title: Merit Aid, College Quality and College Completion: Massachusetts' Adams Scholarship as an In-Kind Subsidy.
Author: Cohodes, Sarah ORCID  0000-0002-7921-7020 ; Goodman, Joshua Samuel

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Citation: Cohodes, Sarah, and Joshua Goodman. Merit Aid, College Quality and College Completion: Massachusetts' Adams Scholarship as an In-Kind Subsidy. American Economic Journal: Applied Economics, 2014.
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Abstract: We analyze a Massachusetts merit aid program that gives high-scoring students tuition waivers at in-state public colleges with lower graduation rates than available alternative colleges. A regression discontinuity design comparing students just above and below the eligibility threshold finds that students are remarkably willing to forgo college quality and that scholarship use actually lowered college completion rates. These results suggest that college
quality affects college completion rates. The theoretical prediction that in-kind subsidies of public institutions can reduce consumption of the subsidized good is shown to be empirically important.
Published Version: 10.1257/app.6.4.251
Terms of Use: This article is made available under the terms and conditions applicable to Open Access Policy Articles, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#OAP
Citable link to this page: http://nrs.harvard.edu/urn-3:HUL.InstRepos:33370070
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