We investigate the roles of parents' economic resources in children's educational attainment with special attention to assets. Using data from the Panel Study of Income Dynamics, we find that parents' liquid assets have significantly positive associations with years of schooling, high school graduation, and college attendance, but not on college graduation. The results also show a complicated relationship between negative liquid assets and educational attainment: children from negative liquid asset households have a higher chance of finishing high school but a lower chance of graduating college than those from zero liquid asset households. Children from high liquid asset households are more likely to graduate high school and enter college. Findings indicate that we should consider assets when seeking to understand educational mobility. It is also suggested that asset building policies for children's education may expand children's opportunity to get higher level of education.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 31 (2009) Issue (Month): 6 (June) Pages: 625-634 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF