Dominik Sachs
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Prof. Dr.
Last Name
Sachs
First name
Dominik
Email
dominik.sachs@unisg.ch
Phone
+41 71 224 3513

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  • Publication
    Optimal Need-Based Financial Aid
    ( 2021)
    Colas, Mark
    ;
    Findeisen, Sebastian
    ;
    Sachs, Dominik
    We study the optimal design of student financial aid as a function of parental income. We derive optimal financial aid formulas in a general model. We estimate a model of selection into college for the United States that comprises multidimensional heterogeneity, endogenous parental transfers, dropout, labor supply in college, and uncertain returns. We quantify optimal financial aid in the estimated model and find it is strongly declining in parental income even without distributional concerns. Equity and efficiency go hand in hand.
    Type: journal article
    Journal: Journal of Political Economy
    Volume: 129
    Issue: 2
    DOI: 10.1086/711952
    URI: https://www.alexandria.unisg.ch/handle/20.500.14171/110896
    Scopus© Citations 6
  • Publication
    The Indirect Fiscal Benefits of Low-Skilled Immigration
    (American Economic Association, )
    Colas, Mark
    ;
    Sachs, Dominik
    Low-skilled immigrants indirectly affect public finances through their effect on resident wages & labor supply. We operationalize this indirect fiscal effect in a model of immigration and the labor market. We derive closed-form expressions for this effect in terms of estimable statistics. An empirical quantification for the U.S. reveals an indirect fiscal benefit for one average low-skilled immigrant of roughly $750 annually. The indirect fiscal benefit may outweigh the negative direct fiscal effect that has previously been documented. This challenges the perception of low-skilled immigration as a fiscal burden.
    Type: forthcoming
    Journal: American Economic Journal: Economic Policy (AEJ: EP)
    URI: https://www.alexandria.unisg.ch/handle/20.500.14171/116258