Credit Access and College Enrollment
利用智利两个大学贷款项目的断点回归设计，发现信贷获取使立即入学率翻倍、总入学概率提高50%，并有效消除了收入差距对入学和学业年限的影响。
Does access to credit explain the gap in schooling attainment between children from richer and poorer families? I present new evidence on this important question based on the causal effects of two college loan programs in Chile that are available to students scoring above a threshold on the national college admission test, enabling a regression discontinuity design. I find that credit access leads to a 100 percent increase in immediate college enrollment and a 50 percent increase in the probability of ever enrolling. Moreover, access to loans effectively eliminates the income gap in enrollment and number of years of college attainment.