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Affording college with the help of asset building: First experimental impacts from Italy

Author

Listed:
  • Azzolini, Davide
  • Martini, Alberto
  • Romano, Barbara
  • Vergolini, Loris

Abstract

This paper presents the early impact estimates from a randomized controlled trial aimed at testing the efficacy of an asset-building programme on higher education participation of children coming from low-income families. The experimental evidence points to positive and statistically significant impacts of the programme on university enrolment (+8.7 percentage points) and the likelihood of passing at least one exam in the first semester (+9.3 pp). The impact of the programme is substantially larger for students from vocational schools (+21 and +33 pp, respectively). The results suggests that incentivized savings represent a viable option to improve the effectiveness of financial aid.

Suggested Citation

  • Azzolini, Davide & Martini, Alberto & Romano, Barbara & Vergolini, Loris, 2018. "Affording college with the help of asset building: First experimental impacts from Italy," Economics Letters, Elsevier, vol. 169(C), pages 27-30.
    • Handle: RePEc:eee:ecolet:v:169:y:2018:i:c:p:27-30
    DOI: 10.1016/j.econlet.2018.05.006
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    Cited by:

    1. repec:hal:spmain:info:hdl:2441/527ht1a96e837pq2dubgo2953q is not listed on IDEAS
    2. Estelle Herbaut & Koen Geven, 2019. "What Works to Reduce Inequalities in Higher Education? A Systematic Review of the (Quasi-)Experimental Literature on Outreach and Financial Aid," Working Papers hal-03456943, HAL.
    3. Flaviana Palmisano & Federico Biagi & Vito Peragine, 2022. "Inequality of Opportunity in Tertiary Education: Evidence from Europe," Research in Higher Education, Springer;Association for Institutional Research, vol. 63(3), pages 514-565, May.
    4. repec:spo:wpmain:info:hdl:2441/527ht1a96e837pq2dubgo2953q is not listed on IDEAS
    5. Vettoretto, Elena & Azzolini, Davide & Vergolini, Loris, 2019. "Why should financial aid affect university participation? A review of the literature," SocArXiv jbhy4, Center for Open Science.

    More about this item

    Keywords

    Higher education; Social inequality; Financial aid; Asset building; Randomized controlled trial;
    All these keywords.

    JEL classification:

    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality

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