Some Futures are Brighter than Others: the Net Benefits Received by Florida Bright Futures Scholarship Recipients
AbstractUsing a choice-based sample of households in Florida, the authors provide new empirical evidence on the budgetary incidence of lottery-funded merit scholarships. Specifically, they estimate the benefits received from the Florida Bright Futures (FBF) scholarship and the lottery taxes paid for three typical households in Florida. They find that high socioeconomic (SES) households receive a net program benefit of almost $2,200, whereas low SES households incur a net programloss of almost $700. This result obtains because lower SES households tend to pay more in lottery taxes but are less likely to receive scholarships. Also, the lower SES households with members who do receive the FBF scholarship are more likely to receive the 75% partial scholarship (vs. the 100% full scholarship) than the higher SES households. The results indicate that lottery-funded merit scholarships redistribute income from lower income, non-White, and less educated households to higher income, White, well-educated households.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by in its journal Public Finance Review.
Volume (Year): 32 (2004)
Issue (Month): 1 (January)
Contact details of provider:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Kent Grote & Victor Matheson, 2011. "The Economics of Lotteries: A Survey of the Literature," Working Papers 1109, College of the Holy Cross, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications).
If references are entirely missing, you can add them using this form.