Financial Incentives and Educational Investment: The Impact of Performance-Based Scholarships on Student Time Use
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We thank Eric Auerbach, Laurien Gilbert, Ming Gu, Steve Mello, and Lauren Sartain for expert research assistance; Leslyn Hall and Lisa Markman Pithers with help developing the survey; and Elijah de la Campa and Reshma Patel for extensive help in understanding the MDRC data. Orley Ashenfelter, Alan Krueger, Jonas Fisher, Derek Neal, Reshma Patel, and Lashawn Richburg-Hayes as well as seminar participants at Cornell University, the Federal Reserve Bank of Chicago, Federal Reserve Bank of New York, Harvard University, Michigan State, Princeton University, University of Chicago, University of Pennsylvania, and University of Virginia provided helpful conversations and comments. Some of the data used in this paper are derived from data files made available by MDRC. We thank the Bill & Melinda Gates Foundation and the Princeton University Industrial Relation Section for generous funding. The authors remain solely responsible for how the data have been used or interpreted. Any views expressed in this paper do not necessarily reflect those of the Federal Reserve Bank of Chicago or the Federal Reserve System. Any errors are ours. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.