Easy Come Easy Go: The Influence of Financial Aid on the Age-Earnings Relationship
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Authors
Walker, Rosemary
Florea, Liviu
Issue Date
2009-08-1
Type
Working paper
Language
en_US
Keywords
Motivation in education , Student aid , Tuition , Higher education , Effect of education on wages , Educational assistance , Moral hazard
Alternative Title
Abstract
Our study suggests that moral hazard has negative effects on the income of individuals who receive educational assistance. Based on empirical analyses of the Census Bureau's survey of Income and Program Participation, we found that the relationship between age and income is non-linear and that this relationship is mediated by education and moderated by the form of the financial aid received. The study concludes with policy implications and recommendations made for managers, regulators and individuals who receive educational assistance.
Description
Citation
Publisher
Washburn University. School of Business