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作者

来源

JOURNAL OF URBAN ECONOMICS,Vol.101,P.74-89

语言

英文

关键字

Education; Promise Programs; Place-based Scholarship Programs; COLLEGE; AID

作者单位

[LeGower, Michael] Fed Trade Commiss, 600 Penn Ave NW,Mail Drop HQ-238, Washington, DC 20580 USA. [Walsh, Randall] Natl Bur Econ Res, Cambridge, MA 02138 USA. [Walsh, Randall] Univ Pittsburgh, 4511 Posvar Hall,230 South Bouquet St, Pittsburgh, PA 15260 USA. Walsh, R (reprint author), Natl Bur Econ Res, Cambridge, MA 02138 USA.; Walsh, R (reprint author), Univ Pittsburgh, 4511 Posvar Hall,230 South Bouquet St, Pittsburgh, PA 15260 USA. E-Mail: mlegower@ftc.gov; walshr@pitt.edu

摘要

Place-based "Promise" scholarship programs which guarantee financial aid for qualifying graduates of a school district have proliferated in recent years. Using data from multiple sites, we compare the evolution of school enrollment and residential real estate prices around program announcement dates within Promise-eligible and surrounding areas. While our estimates indicate that enrollment increased following Promise announcements, merit-based programs generated relative increases in white enrollment. Housing prices respond strongly in neighborhoods with better primary schools and in the upper half of the housing price distribution. We conclude that these programs have important and under-studied distributional considerations. (C) 2017 Elsevier Inc. All rights reserved.