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ERIC Number: EJ1165331
Record Type: Journal
Publication Date: 2018
Pages: 25
Abstractor: As Provided
ISSN: ISSN-1557-3060
Postsecondary Schooling and Parental Resources: Evidence from the PSID and HRS
Haider, Steven J.; McGarry, Kathleen
Education Finance and Policy, v13 n1 p72-96 Win 2018
We examine the association between young adult postsecondary schooling and parental financial resources using two datasets that contain high-quality data on parental resources: the Panel Study of Income Dynamics (PSID) and the Health and Retirement Study (HRS). We find the association to be pervasive--it exists for income and wealth, it extends far up the income and wealth distributions, it remains even after we control for a host of other characteristics, and it continues beyond simply beginning postsecondary schooling to completing a four-year degree. Using the Transition to Adulthood supplement to the PSID, we also find that financial resources strongly affect postsecondary schooling for all levels of high school achievement, and particularly for those at the highest level.
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Publication Type: Journal Articles; Reports - Research
Education Level: Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A