The role of parental wealth and income in financing children's college attendance and its consequences
V. Joseph Hotz, Emily Wiemers, Joshua Rasmussen, Kate Maxwell Koegel
This paper examines the influence of parental wealth and income on children's college attendance and parental financing decisions, graduation, and quality of college attended, and whether parental financing affects the subsequent indebtedness of parents and children. We find that higher levels of parents' wealth and income increase the likelihood that children attend college with financial support relative to not attending college, and that parental wealth increases the likelihood that children graduate from college. We show descriptive evidence that parental support for college increases the subsequent level of housing debt that parents hold but does not reduce student debt for children.
Year of publication: |
September 2018
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Authors: | Hotz, Vincent Joseph ; Wiemers, Emily E. ; Rasmussen, Joshua ; Maxwell Koegel, Kate |
Publisher: |
Bonn, Germany : IZA |
Subject: | college attendance and graduation | financing college | effects of parental wealth and income | Studium | University education | Studienfinanzierung | Higher education finance | Eltern | Parents | Vermögen | Wealth | Einkommen | Income | USA | United States |
Saved in:
freely available
Extent: | 1 Online-Ressource (circa 49 Seiten) Illustrationen |
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Series: | Discussion paper series / IZA. - Bonn : IZA, ZDB-ID 2120053-1. - Vol. no. 11842 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper |
Language: | English |
Other identifiers: | hdl:10419/185302 [Handle] |
Classification: | I2 - Education ; I22 - Educational Finance ; i243 |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10011913760