Monthly government transfer programs create cycles of consumption that track the timing of benefit receipt. This paper exploits state-level variation in the staggered timing of nutritional assistance benefit issuance across households to analyze how this monthly cyclicality in food availability affects academic achievement.
Using individual-level score data from a large national college admissions exam in the United States linked to national college enrollment data, the authors find that taking this high-stakes exam in the last two weeks of the SNAP benefit cycle reduces test scores and lowers the probability of attending a 4-year college for low-income high school students.
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