Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/185302 
Year of Publication: 
2018
Series/Report no.: 
IZA Discussion Papers No. 11842
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
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.
Subjects: 
college attendance and graduation
financing college
effects of parental wealth and income
JEL: 
I2
I22
I24
Document Type: 
Working Paper

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