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NBER Working Papers and Publications
|July 2011||Post-Secondary Attendance by Parental Income in the U.S. and Canada: What Role for Financial Aid Policy?|
with Philippe Belley, Lance Lochner: w17218
This paper examines the implications of tuition and need-based financial aid policies for family income - post-secondary (PS) attendance relationships. We first conduct a parallel empirical analysis of the effects of parental income on PS attendance for recent high school cohorts in both the U.S. and Canada using data from the 1997 Cohort of the National Longitudinal Survey of Youth and Youth in Transition Survey. We estimate substantially smaller PS attendance gaps by parental income in Canada relative to the U.S., even after controlling for family background, adolescent cognitive achievement, and local residence fixed effects. We next document that U.S. public tuition and financial aid policies are actually more generous to low-income youth than are Canadian policies. By contrast, Ca...
Published: Post-secondary attendance by parental income in the U.S. and Canada: Do financial aid policies explain the differences? Philippe Belley1,*, Marc Frenette2 andLance Lochner3 Canadian Journal of Economics/Revue canadienne d'économique Volume 47, Issue 2, pages 664–696, May/mai 2014