Model mis-specification in assessing the impact of financial aid on academic outcomes

被引：37
|
作者：
Alon, S [1 ]
机构：
[1] Tel Aviv Univ, Dept Sociol & Anthropol, IL-69978 Tel Aviv, Israel
来源：
RESEARCH IN HIGHER EDUCATION | 2005年 / 46卷 / 01期
基金：
美国安德鲁·梅隆基金会;
关键词：
financial aid; college graduation; endogenous variable; instrumental variable probit;
D O I：
10.1007/s11162-004-6291-x
中图分类号：
G40 [教育学];
学科分类号：
040101 ; 120403 ;
摘要：
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 illustration of this model confirms that the interrelationships between aid eligibility and graduation mask the positive impact of financial aid on graduation.
引用
收藏
页码：109 / 125
页数：17
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