This paper investigates the extent to which means-tested scholarships received by higher education students crowd out parental financial support at the intensive margin. We estimate a private transfer function using survey data collected in France in 2014 on a sample of students aged 18–24 who receive public scholarships. Introducing the amount of public transfer as an exogenous covariate, we find that one additional euro of scholarship is associated with a decrease in parental transfers of 0.40 euro. Using an instrumental variable strategy that exploits the non-linear schedule of the scholarship amount, we find a larger effect with a decrease of about 0.50. Our results suggest that a substantial part of the scholarship benefits low-income parents by reducing the amount of money they give to their student children.

本文调查了高等教育学生获得的经过经济情况调查的奖学金在多大程度上挤占了父母的经济支持。我们使用 2014 年在法国收集的针对 18-24 岁接受公共奖学金的学生样本的调查数据来估计私人转移函数。将公共转移金额作为外生协变量引入，我们发现额外一欧元的奖学金与父母转移金额减少 0.40 欧元相关。使用利用奖学金金额非线性时间表的工具变量策略，我们发现效果更大，减少了约 0.50。我们的研究结果表明，奖学金的很大一部分是通过减少给学生子女的钱来使低收入家长受益的。