14 research outputs found

    10. The Academic Departments

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    Includes: Collective Bargaining, Labor Law, and Labor History: The Department of Economic and Social Statistics; Labor Economics and Income Security Department: A Parent Department: Human Resources and Administration; The Organizational Behavior Department; Evolution of the Human Resources and Administration Department

    The Effect of Income on Educational Attainment: Evidence from State Earned Income Tax Credit Expansions

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    As of the early 2000s, the gap in college enrollment between children growing up in the highest income quartile and the lowest income quartile was over 50 percentage points (Bailey and Dynarski 2011). While previous work has analyzed the impact of various federal and state financial aid programs on college enrollment rates among low and moderate-income households, the Earned Income Tax Credit (EITC) has largely been overlooked as a potential source of financial aid. As of the 2011 tax year, the maximum federal EITC benefit was nearly 6,000,worthupto456,000, worth up to 45 % of household earned income for low-income families. In addition to the federal credit, 24 states and the District of Columbia have implemented and expanded state EITCs, worth between 3-45 % of the federal EITC. Utilizing variation in the timing of state EITC implementation, as well as changes in the generosity of state EITC benefits over time, I use a difference-in-difference framework to analyze how an increase in household income affects the educational attainment of children from low-educated households. Conservative estimates suggest that following an increase in the maximum EITC by 1,000, 18-23 year old children growing up in likely EITC-eligible households are 1 percentage point more likely to have ever enrolled in college and 0.3 percentage points more likely to complete a bachelor’s degree