MODEL MIS-SPECIFICATION IN ASSESSING THE IMPACT OF FINANCIAL AID ON ACADEMIC OUTCOMES

@inproceedings{Alon2005MODELMI,
  title={MODEL MIS-SPECIFICATION IN ASSESSING THE IMPACT OF FINANCIAL AID ON ACADEMIC OUTCOMES},
  author={Sigal Alon},
  year={2005}
}
The focus of the paper is the development of a novel conceptual framework that aims to remedy a critical mis-specification in prior research on the impact of financial aid on academic outcomes: the blending of the effect of aid eligibility with the influence of aid amounts on academic outcomes. To assess the impact of aid amounts received on college graduation while considering aid receipt status as an endogenous variable, I use the procedure of Instrumental Variable Probit. Empirical… CONTINUE READING
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