Educational debt burden and career choice: Evidence from a financial aid experiment at NYU law school
Publication
, Journal Article
Field, E
Published in: American Economic Journal: Applied Economics
January 1, 2009
This paper examines the influence of psychological responses to debt on career choices from an experiment in which alternative financial aid packages were assigned by lottery to a set of law school admits. The packages had equivalent monetary value, but one required the student to take on a loan that would be paid for by the school if he worked in public interest law, while the other covered tuition as long as the student worked in public interest law. If he did not, the student would be required to reimburse the school. Tuition assistance recipients have a 36 to 45 percent higher public interest placement rate and, when lottery results were announced before enrollment, were twice as likely to enroll.
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Published In
American Economic Journal: Applied Economics
DOI
EISSN
1945-7790
ISSN
1945-7782
Publication Date
January 1, 2009
Volume
1
Issue
1
Start / End Page
1 / 21
Related Subject Headings
- 3801 Applied economics
- 1402 Applied Economics
Citation
APA
Chicago
ICMJE
MLA
NLM
Field, E. (2009). Educational debt burden and career choice: Evidence from a financial aid experiment at NYU law school. American Economic Journal: Applied Economics, 1(1), 1–21. https://doi.org/10.1257/app.1.1.1
Field, E. “Educational debt burden and career choice: Evidence from a financial aid experiment at NYU law school.” American Economic Journal: Applied Economics 1, no. 1 (January 1, 2009): 1–21. https://doi.org/10.1257/app.1.1.1.
Field E. Educational debt burden and career choice: Evidence from a financial aid experiment at NYU law school. American Economic Journal: Applied Economics. 2009 Jan 1;1(1):1–21.
Field, E. “Educational debt burden and career choice: Evidence from a financial aid experiment at NYU law school.” American Economic Journal: Applied Economics, vol. 1, no. 1, Jan. 2009, pp. 1–21. Scopus, doi:10.1257/app.1.1.1.
Field E. Educational debt burden and career choice: Evidence from a financial aid experiment at NYU law school. American Economic Journal: Applied Economics. 2009 Jan 1;1(1):1–21.
Published In
American Economic Journal: Applied Economics
DOI
EISSN
1945-7790
ISSN
1945-7782
Publication Date
January 1, 2009
Volume
1
Issue
1
Start / End Page
1 / 21
Related Subject Headings
- 3801 Applied economics
- 1402 Applied Economics