Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80137
Authors: 
Sauer, Robert M.
Year of Publication: 
2002
Series/Report no.: 
Working Paper, Brown University, Department of Economics 2002-06
Abstract: 
This paper formulates and estimates a dynamic: programming model of the optimal edueational financing dedsions and post-graduation career choices of law school graduates. The purpose of the paper is to measure the effect of short-term parental cash transfers, received during school, on in-school work and borrowing decisions and post-graduation lifetime outcomes. The estimated parameters of the model imply that parental cash transfers do not significantly influence post-graduation lifetime earnings but do significantly influence lifetime consumption. In addition, a simulated counterfactual loan forgiveness program indicates that educational debt has only a modest influence on postgraduation career choices .
Subjects: 
In-school Work
Educational Debt
Scholastic Achievement
Lifetime Consumption
JEL: 
C15
I22
J24
J44
Document Type: 
Working Paper

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