PT  - JOURNAL ARTICLE
AU  - Carlson, Deven
AU  - Schmidt, Alex
AU  - Souders, Sarah
AU  - Wolfe, Barbara
TI  - The Effects of Need-Based Financial Aid on Employment and Earnings: Experimental Evidence from the Fund for Wisconsin Scholars
AID  - 10.3368/jhr.0121-11458R1
DP  - 2022 Aug 05
TA  - Journal of Human Resources
PG  - 0121-11458R1
4099  - http://jhr.uwpress.org/content/early/2022/08/01/jhr.0121-11458R1.short
4100  - http://jhr.uwpress.org/content/early/2022/08/01/jhr.0121-11458R1.full
AB  - We experimentally estimate the effects of a need-based financial aid offer on students’ annual in-state employment and earnings up to eight years after the initial offer. For students in four-year universities, we show the aid offer to reduce employment and earnings throughout the period we study but provide evidence of increased effort on coursework during students in-college years. We examine the role of outstate migration and reduced loan debt in generating the negative effects in students’ post-college years. We find no significant effects of the aid offer on the labor market outcomes of individuals in two-year institutions.