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Replication data for: Liquidity Constraints, Fiscal Externalities, and Optimal Tuition Subsidies

Version
V0
Resource Type
Dataset
Creator
  • Lawson, Nicholas
Publication Date
2017-11-01
Description
  • Abstract

    A large literature focuses on two important rationales for government subsidies to college students: positive fiscal externalities from a larger tax base, and liquidity constraints. This paper provides a first attempt to gauge the relative importance of these mechanisms. I use US data in combination with two modeling approaches: calibration of a simple structural model of human capital accumulation, and a "sufficient statistics" approach. The resulting optimal subsidies are larger than median public tuition by about $3,000 per year. This finding is driven by fiscal externalities; optimal tuition subsidy policy is not sensitive to the extent of liquidity constraints.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/pol.20150079 (Text)
Publications
  • Lawson, Nicholas. “Liquidity Constraints, Fiscal Externalities and Optimal Tuition Subsidies.” American Economic Journal: Economic Policy 9, no. 4 (November 2017): 313–43. https://doi.org/10.1257/pol.20150079.
    • ID: 10.1257/pol.20150079 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Lawson, Nicholas (2017): Replication data for: Liquidity Constraints, Fiscal Externalities, and Optimal Tuition Subsidies. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114633