Higher education financing and the educational aspirations of teenagers and their parents

Key takeaways

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Bibliography: Hassani-Nezhad, L., Anderberg, D., Chevalier, A., Lührmann, M., Pavan, R., 2021. Higher education financing and the educational aspirations of teenagers and their parents. Economics of Education Review 85, 102175. https://doi.org/10.1016/j.econedurev.2021.102175

Authors:: Lena Hassani-Nezhad, Dan Anderberg, Arnaud Chevalier, Melanie Lührmann, Ronni Pavan

Collections:: UCL UKHLS Dump

First-page: 1

Abstract

We study the impact of higher education financing on the academic aspirations of teenagers and their parents. We exploit a reform which introduced a large increase in the tuition fees universities can charge, more generous support for the poorest students and a more redistributive student loan system, and varied across the UK’s constituent countries. Using rare survey data on post compulsory secondary and university education aspirations, we find that teenagers’ aspirations are not responsive to large changes in higher education financing. In contrast, parents adjust their aspirations, resulting in a reduction of the socio-economic aspiration gap for their children.

Citations

content: "@hassani-nezhadHigherEducationFinancing2021" -file:@hassani-nezhadHigherEducationFinancing2021

Reading notes

Imported on 2024-06-26 11:22

⭐ Important

& Using rare survey data on post compulsorysecondary and university education aspirations, we find that teenagers’ aspirations are not responsive to large changes in higher education financing. In contrast, parents adjust their aspirations, resulting in a reduction of the socio-economic aspiration gap for their children. (p. 1)