EconPapers    
Economics at your fingertips  
 

The Changing Role of Family Income and Ability in Determining Educational Achievement

Philippe Belley and Lance Lochner ()

Journal of Human Capital, 2007, vol. 1, issue 1, 37-89

Abstract: We use the National Longitudinal Survey of Youth 1979 and 1997 cohorts to estimate the effects of ability and family income on educational attainment in the early 1980s and early 2000s. The effects of family income on college attendance increase substantially over this period. Cognitive ability strongly affects schooling outcomes in both periods. We develop an educational choice model that incorporates both borrowing constraints and a "consumption value" of schooling. The model cannot explain the rising effects of family income on college attendance in response to rising costs and returns to college without appealing to borrowing constraints.

Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (202) Track citations by RSS feed

Downloads: (external link)
http://dx.doi.org/10.1086/524674 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
Working Paper: The Changing Role of Family Income and Ability in Determining Educational Achievement (2009) Downloads
Working Paper: The Changing Role of Family Income and Ability in Determining Educational Achievement (2008) Downloads
Working Paper: The Changing Role of Family Income and Ability in Determining Educational Achievement (2007) Downloads
Working Paper: The Changing Role of Family Income and Ability in Determining Educational Achievement (2007) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:jhucap:v:1:i:1:y:2007:p:37-89

Access Statistics for this article

More articles in Journal of Human Capital from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().

 
Page updated 2019-04-19
Handle: RePEc:ucp:jhucap:v:1:i:1:y:2007:p:37-89