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The Long-Term Effects of Career Guidance in High School and Student Financial Aid: Evidence from a Randomized Experiment
The Long-Term Effects of Career Guidance in High School and Student Financial Aid: Evidence from a Randomized Experiment
Laetitia Renée
American Economic Journal: Applied Economics (Forthcoming)
Abstract
This paper studies the effects of a randomized control trial in which
Canadian high school students were randomly invited to participate
in a career guidance program during high school and/or made eligible
for extra financial aid conditional on college enrollment. I use
administrative records to examine the effects of the interventions
on college enrollment, graduation, and income up to age 29. The
guidance intervention increased students’ four-year college enrollment
and graduation rates and had positive effects on individuals’
income in adulthood. The financial aid intervention had a significantly
lower impact on individuals’ income in adulthood despite
also increasing college enrollment.
