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The Impacts of the Alaska Permanent Fund Dividend on High School Status Completion Rates

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Document pages: 30 pages

Abstract: Direct cash transfer programs have shown success as poverty interventions inboth the developing and developed world, yet little research exists examiningthe society-wide outcomes of an unconditional cash transfer program disbursedwithout means-testing. This paper attempts to determine the impact of directcash transfers on educational outcomes in a developed society by investigatingthe impacts of the Alaska Permanent Fund Dividend, which was launched in 1982and continues to be disbursed on an annual basis to every Alaskan. A syntheticcontrol model is deployed to examine the path of educational attainment amongAlaskans between 1977 and 1991 in order to determine if high school statuscompletion rates after the launch of the dividend diverge from the synthetic ina manner suggestive of a treatment effect.

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