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Cost-benefit information closes aspiration gaps – if parents think their child is ready for college

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  • Albert Cheng
  • Michael B. Henderson
  • Paul E. Peterson
  • Martin R. West

Abstract

Can information close socioeconomic gaps in parents’ postsecondary aspirations for their children? We administer a survey experiment to a nationally representative sample of U.S. parents, who are also asked whether their child is academically prepared for college. We inquire whether parents prefer their child to pursue a four-year degree, two-year degree, or no further education. Some parents are also randomly told the costs of college for an individual in their state and income bracket; local labor-market returns to a degree; or both costs and returns. Information closes socioeconomic aspiration gaps only if parents believe their child is ready for college.

Suggested Citation

  • Albert Cheng & Michael B. Henderson & Paul E. Peterson & Martin R. West, 2021. "Cost-benefit information closes aspiration gaps – if parents think their child is ready for college," Education Economics, Taylor & Francis Journals, vol. 29(3), pages 233-251, May.
    • Handle: RePEc:taf:edecon:v:29:y:2021:i:3:p:233-251
    DOI: 10.1080/09645292.2021.1874879
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