Education Policy And Intergenerational Transfers in Equilibrium

@article{Abbott2013EducationPA,
  title={Education Policy And Intergenerational Transfers in Equilibrium},
  author={Brant Abbott and Giovanni Gallipoli and Costas Meghir and Giovanni L. Violante},
  journal={Labor: Human Capital eJournal},
  year={2013}
}
This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor supply, and consumption/saving decisions. Altruistic parents make inter vivos transfers to their children. Labor supply during college, government grants and loans, as well as private loans, complement parental transfers as sources of funding… 
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