Work in Progress
The Dynamics of Financial Aid Tournaments (JMP)
Financial aid programs in higher education vary widely in design, including how aid is structured and the timing of provision. This paper studies the impact of financial aid provided as a repeated tournament and its dynamic treatment effects. I exploit a relative GPA-based eligibility rule in a regression discontinuity design to estimate the causal impacts of two types of aid - a tuition waiver and a stipend on top. Waivers have powerful effects on student persistence, increasing graduation rates by 12pp, and GPA by 0.4SD. Stipends affect student effort by increasing student GPA in the next semester by 0.3SD and persistence by increasing graduation rates by 8.8pp.
I find a powerful crowding-in effect, where receiving aid in one semester significantly increases the probability of receiving it in the future. Decomposing the impact reveals that a substantial portion of the total long-term benefit of aid comes from the crowding-in of future resources, suggesting that static analyses may underestimate the full value of financial aid programs.
The Race Between Brain Drain and Brain Gain: EU Accession and Human Capital Formation in Newly Joined Member States (In Progress)
The Returns to High School Graduation and College Access (In Progress)
This paper evaluates the impact of acquiring a high school diploma for individuals who successfully pass the high school exit exam in Latvia. The especially low threshold for passing the high school exit exam sets the threshold at the 4th percentile of all high school students. This allows me to contribute new estimates to the returns to acquiring a secondary education and the opportunities for additional schooling in an effectively open enrolment system for exceptionally marginal students. What I find is that marginally passing the high school exit exam increases the probability of enrolment into 2-year institutions, but with no impact on graduation rates.
The Dynamic Treatment Effects of HAIL, with S. Dynarski, E. Burland & J. Hayes (In Progress)
Returns to Federally Funded Job Training, with J. Hayes (In Progress)