Cost-benefit information closes aspiration gaps – if parents think their child is ready for college
Michael B. Henderson,
Paul E. Peterson and
Martin R. West
Education Economics, 2021, vol. 29, issue 3, 233-251
Can information close socioeconomic gaps in parents’ postsecondary aspirations for their children? We administer a survey experiment to a nationally representative sample of U.S. parents, who are also asked whether their child is academically prepared for college. We inquire whether parents prefer their child to pursue a four-year degree, two-year degree, or no further education. Some parents are also randomly told the costs of college for an individual in their state and income bracket; local labor-market returns to a degree; or both costs and returns. Information closes socioeconomic aspiration gaps only if parents believe their child is ready for college.
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Persistent link: https://EconPapers.repec.org/RePEc:taf:edecon:v:29:y:2021:i:3:p:233-251
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