%0 Report %A Simon, David %A Sojourner, Aaron %A Pedersen, Jon %A Skallet, Heidi Ombisa %T Financial Incentives for Adoption and Kin Guardianship Improve Achievement for Foster Children %D 2024 %8 2024 Jun %I Institute of Labor Economics (IZA) %C Bonn %7 IZA Discussion Paper %N 17057 %U https://www.iza.org/publications/dp17057 %X Difference-in-differences analysis of linked administrative data estimates effects of a Minnesota policy change that increased the payments to adoptive parents and kin guardians for children ages 6 and older, making them equal to what foster care payments were, but didn't for younger children. Equalizing payments raised average academic achievement by 31 percent of a standard deviation three years after foster children's cases started, raised the value of payments by about $2,000 per child during this period, raised the monthly chance of moving from foster care to adoption or kin guardianship by 29 percent, improved school stability, and reduced school suspensions. %K child welfare %K education %K human capital