Publication type
Journal Article
Authors
Publication date
December 15, 2021
Summary:
We study the impact of higher education financing on the academic aspirations of teenagers and their parents. We exploit a reform which introduced a large increase in the tuition fees universities can charge, more generous support for the poorest students and a more redistributive student loan system, and varied across the UK’s constituent countries. Using rare survey data on post compulsory secondary and university education aspirations, we find that teenagers’ aspirations are not responsive to large changes in higher education financing. In contrast, parents adjust their aspirations, resulting in a reduction of the socio-economic aspiration gap for their children.
Published in
Economics of Education Review
Volume
Volume: 85:102175
DOI
https://doi.org/10.1016/j.econedurev.2021.102175
ISSN
2727757
Subjects
#546974