ERIC Number: ED671489
Record Type: Non-Journal
Publication Date: 2020-Dec
Pages: 55
Abstractor: As Provided
ISBN: N/A
ISSN: N/A
EISSN: N/A
Available Date: 0000-00-00
Parental Resources and College Attendance: Evidence from Lottery Wins. EdWorkingPaper No. 20-328
George Bulman; Robert Fairlie; Sarena Goodman; Adam Isen
Annenberg Institute for School Reform at Brown University
We examine U.S. children whose parents won the lottery to trace out the effect of financial resources on college attendance. The analysis leverages federal tax and financial aid records and substantial variation in win size and timing. While per-dollar effects are modest, the relationship is weakly concave, with a high upper bound for amounts greatly exceeding college costs. Effects are smaller among low-SES households, not sensitive to how early in adolescence the shock occurs, and not moderated by financial aid crowd-out. The results imply that households derive consumption value from college and household financial constraints alone do not inhibit attendance.
Descriptors: Socioeconomic Status, Family Financial Resources, Parent Financial Contribution, Economic Factors, Educational Finance, College Attendance, Paying for College, Student Financial Aid
Annenberg Institute for School Reform at Brown University. Brown University Box 1985, Providence, RI 02912. Tel: 401-863-7990; Fax: 401-863-1290; e-mail: annenberg@brown.edu; Web site: https://annenberg.brown.edu/
Publication Type: Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Annenberg Institute for School Reform at Brown University
Grant or Contract Numbers: N/A
Author Affiliations: N/A