Study of Financial Need Reporting
Last registered on October 12, 2019

Pre-Trial

Trial Information
General Information
Title
Study of Financial Need Reporting
RCT ID
AEARCTR-0003864
Initial registration date
February 06, 2019
Last updated
October 12, 2019 4:50 PM EDT
Location(s)

This section is unavailable to the public. Use the button below to request access to this information.

Request Information
Primary Investigator
Affiliation
University of Southern California
Other Primary Investigator(s)
Additional Trial Information
Status
In development
Start date
2019-02-11
End date
2021-08-31
Secondary IDs
Abstract
In many educational and public policy related settings, economic agents draw resources from a common pot to subsidize consumption of a good or service (consider scholarship aid or services at a public health clinic). From an organizational vantage point, an optimal allocation of resources would enable consumption (participation) for anyone eligible while minimizing the economic surplus given out to agents. In practice, this is difficult to implement due to asymmetric information on agents’ valuations. This study seeks to examine, via randomized experiment, the extent to which pro-sociality of agents can be utilized to improve upon a scheme where everyone receives the same subsidy or a fixed subsidy based on observable characteristics. In particular we test the extent to which provision of accurate information on one’s position of relative need (as measured by FAFSA) impacts agents’ reported valuations in scholarship applications for co-curricular educational travel programs at several U.S. universities.
External Link(s)
Registration Citation
Citation
Schneider, Jacob. 2019. "Study of Financial Need Reporting." AEA RCT Registry. October 12. https://doi.org/10.1257/rct.3864-2.0.
Former Citation
Schneider, Jacob. 2019. "Study of Financial Need Reporting." AEA RCT Registry. October 12. http://www.socialscienceregistry.org/trials/3864/history/55035.
Experimental Details
Interventions
Intervention(s)
Provision of accurate information on the distribution of relative need of financial aid applicants.
Intervention Start Date
2019-02-11
Intervention End Date
2021-05-31
Primary Outcomes
Primary Outcomes (end points)
Heterogeneous agents' response to accurate information on relative financial need when reporting valuations for co-curricular educational programs.
Primary Outcomes (explanation)
Secondary Outcomes
Secondary Outcomes (end points)
Secondary Outcomes (explanation)
Experimental Design
Experimental Design
Scholarship applications to co-curricular educational programs will be randomized to receive slightly different scholarship applications. The treatment group will be provided accurate information on the distribution of "need" of applicants as measured by FAFSA and their position in the distribution. We seek to understand how this provision of information influences the behavior of applicants in reporting their maximum feasible contribution to participate and whether pro-social/fairness concerns are sufficient to provide a meaningful improvement to the allocation of resources.
Experimental Design Details
Not available
Randomization Method
Randomization is done within online survey software. When participants progress to randomized portion they are randomly assigned via survey algorithm to one of two response blocks.
Randomization Unit
individual
Was the treatment clustered?
No
Experiment Characteristics
Sample size: planned number of clusters
1
Sample size: planned number of observations
1,000
Sample size (or number of clusters) by treatment arms
500 control, 500 treatment
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
IRB
INSTITUTIONAL REVIEW BOARDS (IRBs)
IRB Name
Office for the Protection of Research Subjects University of Southern Califonia
IRB Approval Date
2018-12-21
IRB Approval Number
UP-18-00812
Analysis Plan

There are documents in this trial unavailable to the public. Use the button below to request access to this information.

Request Information