TY - JOUR AU - Ehrenberg,Ronald G. AU - Zhang,Liang AU - Levin,Jared TI - Crafting A Class: The Trade Off Between Merit Scholarships and Enrolling Lower-Income Students JF - National Bureau of Economic Research Working Paper Series VL - No. 11437 PY - 2005 Y2 - June 2005 UR - http://www.nber.org/papers/w11437 L1 - http://www.nber.org/papers/w11437.pdf N1 - Author contact info: Ronald G. Ehrenberg Cornell Higher Education Research Institute 271 Ives Hall East Ithaca, NY 14853-3901 Tel: 607/255-3026 Fax: 607 255 4496 E-Mail: rge2@cornell.edu Liang Zhang Jared Levin M2 - featured in NBER digest on 2005-06-27 AB - Our paper uses institutional-level panel data to testwhether an increase in the number of institutionally funded National Merit Scholarship (NMS) winners at an institution isassociated with a reduction in the number of Pell Grant recipients at the institution. We find that, other factors held constant, an increase in the share of institutionally funded NMS winners in an institution's first-year class is associated with a reduction in the share of Pell Grant recipients among the institution's undergraduate student body and that the magnitude of this relationship is larges at the institutions that enroll the greatest number of NMS students. ER -