TY - JOUR
T1 - Does generosity beget generosity? Alumni giving and undergraduate financial aid
AU - Meer, Jonathan
AU - Rosen, Harvey S.
N1 - Funding Information:
We are grateful to Princeton's Center for Economic Policy Studies for support of this research. We have received useful suggestions from Ronald Ehrenberg, Mark Hoekstra, Robin Moscato and participants in the Bush School Quantitative Workshop.
PY - 2012/12
Y1 - 2012/12
N2 - We investigate how undergraduates' financial aid packages affect their subsequent donative behavior as alumni. We analyze micro data on alumni giving at an anonymous research university, and focus on three types of financial aid, scholarships, loans, and campus jobs. Consistent with the view of some professional fundraisers, we allow the receipt of a given form of aid per se to affect alumni giving. Our main findings are: (1) Individuals who take out student loans are less likely to make a gift, ceteris paribus. Further, individuals who take out large loans make smaller contributions as alumni, conditional on making a gift. (2) Scholarship aid reduces the size of a gift, conditional on making a gift, but has little effect on the probability of making a donation. (3) Aid in the form of campus jobs does not have a strong effect on donative behavior.
AB - We investigate how undergraduates' financial aid packages affect their subsequent donative behavior as alumni. We analyze micro data on alumni giving at an anonymous research university, and focus on three types of financial aid, scholarships, loans, and campus jobs. Consistent with the view of some professional fundraisers, we allow the receipt of a given form of aid per se to affect alumni giving. Our main findings are: (1) Individuals who take out student loans are less likely to make a gift, ceteris paribus. Further, individuals who take out large loans make smaller contributions as alumni, conditional on making a gift. (2) Scholarship aid reduces the size of a gift, conditional on making a gift, but has little effect on the probability of making a donation. (3) Aid in the form of campus jobs does not have a strong effect on donative behavior.
KW - Costs
KW - Educational finance
KW - Grants
KW - Student financial aid
UR - http://www.scopus.com/inward/record.url?scp=84865067817&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84865067817&partnerID=8YFLogxK
U2 - 10.1016/j.econedurev.2012.06.009
DO - 10.1016/j.econedurev.2012.06.009
M3 - Article
AN - SCOPUS:84865067817
SN - 0272-7757
VL - 31
SP - 890
EP - 907
JO - Economics of Education Review
JF - Economics of Education Review
IS - 6
ER -