Full Citation
Title: Liberty for More: Finance and Educational Opportunities
Citation Type: Working Paper
Publication Year: 2013
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Abstract: Banking reformsthat reduced interest ratesboosted college enrollment rates among able students from middle class families. We define able students as those with learning aptitude scores in the top two-thirds of the U.S. population. We define middle class as families in which both parents are not highly-educated (above 12 years of education) and that are neither in the bottom fourth nor in the top 10 percent of the distribution family income in the U.S. Our findings suggest that credit conditions, the ability of an individual to benefit from college, and a familys financial and educational circumstances combine to shape college decisions. The functioning of the financial system plays a powerful role in shaping the degree to which a childs educational choicesand hence economic opportunitiesare defined by parental income.
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Authors: Rubinstein, Yona; Levine, Ross
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Publication Number: 19380
Institution: National Bureau of Economic Research
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Publisher Location: Cambridge, MA
Data Collections: IPUMS CPS
Topics: Education, Other
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