Cash-on-Hand & College Enrollment: Evidence from Population Tax Data and Policy Nonlinearities
56 Pages Posted: 25 Jan 2014 Last revised: 15 Mar 2023
Date Written: January 2014
Abstract
We estimate causal effects of cash-on-hand on college enrollment decisions of students from low-income families. Using population-level, administrative data from United States income tax returns, we exploit variation in tax refunds received in the spring of the high school senior year. The variation in tax refunds results from the kink point between the phase-in and maximum credit portions of the Earned Income Tax Credit schedule. The results suggest tax refunds received in the spring of the high school senior year have meaningful effects on college enrollment.
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