Higher Education Financing and the Educational Aspirations of Teenagers and their Parents

Dan Anderberg (), Arnaud Chevalier, Lena Hassani Nezhad (), Melanie Lührmann and Ronni Pavan
Additional contact information
Dan Anderberg: Royal Holloway, University of London
Lena Hassani Nezhad: City St George's, University of London

No 13807, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We study the impact of higher education financing on the academic aspirations of teenagers and of their parents. We exploit a reform which introduced a large increase in the maximum university tuition fees and a more redistributive student loan system, both of which varied across the UK's constituent countries. Using rare survey data on postcompulsory secondary and university education aspirations, we find that teenagers' aspirations are not responsive to large changes in higher education financing. In contrast, the socio-economic gap in parental aspirations for their childrens' education is reduced through the reform, in accordance with the redistributive financing policies set by policy-makers.

Keywords: university cost; access to higher education; education aspirations (search for similar items in EconPapers)
JEL-codes: D84 I22 I23 I24 J24 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2020-10
New Economics Papers: this item is included in nep-edu and nep-eur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published - published in: Economics of Education Review, 2021, 85, 102175

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Journal Article: Higher education financing and the educational aspirations of teenagers and their parents (2021)
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