Assets and liabilities, race/ethnicity, and children's college education

Min Zhan and Michael Sherraden

Children and Youth Services Review, 2011, vol. 33, issue 11, 2168-2175

Abstract: This study examines the extent to which household assets and liabilities are related to disparities in children's college attendance and college graduation among White, Black, and Hispanic families. Results indicate that, after household assets are considered, a substantial portion of the Black–White gap in college attendance and college graduation disappears, and a small portion of the Hispanic–White gap in college graduation also disappears. Separate analyses of children from each racial/ethnic group further indicate that family income and financial assets are related to White children's college attendance and graduation, but nonfinancial assets and unsecured debt are associated with college attendance and graduation among Black and Hispanic children. Policy implications are considered.

Keywords: Assets; Liabilities; College education; Race/ethnicity (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:cysrev:v:33:y:2011:i:11:p:2168-2175

DOI: 10.1016/j.childyouth.2011.06.024

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