RT Journal Article SR Electronic T1 The Effects of Need-Based Financial Aid on Employment and Earnings: Experimental Evidence from the Fund for Wisconsin Scholars JF Journal of Human Resources JO J Hum Resour FD University of Wisconsin Press SP 0121-11458R1 DO 10.3368/jhr.0121-11458R1 A1 Deven Carlson A1 Alex Schmidt A1 Sarah Souders A1 Barbara Wolfe YR 2022 UL http://jhr.uwpress.org/content/early/2022/08/01/jhr.0121-11458R1.abstract 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.