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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
Arnaud Chevalier: Royal Holloway, University of London
Lena Hassani Nezhad: affiliation not available
Ronni Pavan: University of Rochester

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: education aspirations; university cost; access to higher education (search for similar items in EconPapers)
JEL-codes: I23 I22 I24 J24 D84 (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
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