The racial wealth gap, financial aid, and college access
Author
Abstract
Suggested Citation
DOI: 10.1002/pam.22550
Download full text from publisher
Other versions of this item:
- Phillip B. Levine & Dubravka Ritter, 2022. "The Racial Wealth Gap, Financial Aid, and College Access," NBER Working Papers 30490, National Bureau of Economic Research, Inc.
- Phillip B. Levine & Dubravka Ritter, 2022. "The Racial Wealth Gap, Financial Aid, and College Access," Working Papers 22-32, Federal Reserve Bank of Philadelphia.
References listed on IDEAS
- Bob Bifulco & Sarah Souders, 2023. "Racial Disparities in School Poverty and Spending: Examining Allocations Within and Across Districts," Center for Policy Research Working Papers 255, Center for Policy Research, Maxwell School, Syracuse University.
- Jeffrey T. Denning & Benjamin M. Marx & Lesley J. Turner, 2019.
"ProPelled: The Effects of Grants on Graduation, Earnings, and Welfare,"
American Economic Journal: Applied Economics, American Economic Association, vol. 11(3), pages 193-224, July.
- Jeffrey T. Denning & Benjamin M. Marx & Lesley J. Turner, 2017. "ProPelled: The Effects of Grants on Graduation, Earnings, and Welfare," Upjohn Working Papers 17-280, W.E. Upjohn Institute for Employment Research.
- Denning, Jeffrey T. & Marx, Benjamin M. & Turner, Lesley J., 2018. "ProPelled: The Effects of Grants on Graduation, Earnings, and Welfare," IZA Discussion Papers 11792, Institute of Labor Economics (IZA).
- Jeffrey T. Denning & Benjamin M. Marx & Lesley J. Turner, 2017. "ProPelled: The Effects of Grants on Graduation, Earnings, and Welfare," NBER Working Papers 23860, National Bureau of Economic Research, Inc.
- Michael F. Lovenheim & C. Lockwood Reynolds, 2013.
"The Effect of Housing Wealth on College Choice: Evidence from the Housing Boom,"
Journal of Human Resources, University of Wisconsin Press, vol. 48(1), pages 1-35.
- Michael F. Lovenheim & C. Lockwood Reynolds, 2012. "The Effect of Housing Wealth on College Choice: Evidence from the Housing Boom," NBER Working Papers 18075, National Bureau of Economic Research, Inc.
- Raj Chetty & John N Friedman & Emmanuel Saez & Nicholas Turner & Danny Yagan, 2020. "Income Segregation and Intergenerational Mobility Across Colleges in the United States," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(3), pages 1567-1633.
- George Bulman & Robert Fairlie & Sarena Goodman & Adam Isen, 2021.
"Parental Resources and College Attendance: Evidence from Lottery Wins,"
American Economic Review, American Economic Association, vol. 111(4), pages 1201-1240, April.
- George Bulman & Robert Fairlie & Sarena Goodman & Adam Isen, 2016. "Parental Resources and College Attendance: Evidence from Lottery Wins," NBER Working Papers 22679, National Bureau of Economic Research, Inc.
- Bulman, George & Fairlie, Robert W. & Goodman, Sarena & Isen, Adam, 2020. "Parental Resources and College Attendance: Evidence from Lottery Wins," IZA Discussion Papers 13919, Institute of Labor Economics (IZA).
- George Bulman & Robert Fairlie & Sarena Goodman & Adam Isen, 2016. "Parental Resources and College Attendance: Evidence from Lottery Wins," Working Papers id:11371, eSocialSciences.
- George Bulman & Robert W. Fairlie & Sarena Goodman & Adam Isen, 2020. "Parental Resources and College Attendance: Evidence from Lottery Wins," CESifo Working Paper Series 8753, CESifo.
- Rajeev Darolia, 2017. "Assessing the College Financial Aid Work Penalty," The Journal of Higher Education, Taylor & Francis Journals, vol. 88(3), pages 350-375, May.
- Gene Amromin & Neil Bhutta & Benjamin J. Keys, 2020.
"Refinancing, Monetary Policy, and the Credit Cycle,"
Annual Review of Financial Economics, Annual Reviews, vol. 12(1), pages 67-93, December.
- Gene Amromin & Neil Bhutta & Benjamin J. Keys, 2020. "Refinancing, Monetary Policy, and the Credit Cycle," NBER Working Papers 28039, National Bureau of Economic Research, Inc.
- Adam M Guren & Alisdair McKay & Emi Nakamura & Jón Steinsson, 2021.
"Housing Wealth Effects: The Long View,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(2), pages 669-707.
- Adam M. Guren & Alisdair McKay & Emi Nakamura & Jón Steinsson, 2018. "Housing Wealth Effects: The Long View," NBER Working Papers 24729, National Bureau of Economic Research, Inc.
- Adam M. Guren & Alisdair McKay & Emi Nakamura & Jón Steinsson, 2020. "Housing Wealth Effects: The Long View," Staff Report 593, Federal Reserve Bank of Minneapolis.
- Dynarski, Susan M. & Scott–Clayton, Judith E., 2006.
"The Cost of Complexity in Federal Student Aid: Lessons From Optimal Tax Theory and Behavioral Economics,"
National Tax Journal, National Tax Association;National Tax Journal, vol. 59(2), pages 319-356, June.
- Susan M. Dynarski & Judith E. Scott-Clayton, 2006. "The Cost of Complexity in Federal Student Aid: Lessons from Optimal Tax Theory and Behavioral Economics," NBER Working Papers 12227, National Bureau of Economic Research, Inc.
- Dynarski, Susan & Scott-Clayton, Judith, 2006. "The Cost of Complexity in Federal Student Aid: Lessons from Optimal Tax Theory and Behavioral Economics," Working Paper Series rwp06-013, Harvard University, John F. Kennedy School of Government.
- Cooper, Daniel & Luengo-Prado, María José, 2015.
"House price growth when children are teenagers: A path to higher earnings?,"
Journal of Urban Economics, Elsevier, vol. 86(C), pages 54-72.
- Daniel H. Cooper & María Jose Luengo-Prado, 2014. "House price growth when children are teenagers: a path to higher earnings?," Working Papers 14-13, Federal Reserve Bank of Boston.
- Zachary Bleemer & Aashish Mehta, 2022. "Will Studying Economics Make You Rich? A Regression Discontinuity Analysis of the Returns to College Major," American Economic Journal: Applied Economics, American Economic Association, vol. 14(2), pages 1-22, April.
- Monks, James, 2004. "An Empirical Examination of the Impact of College Financial Aid on Family Savings," National Tax Journal, National Tax Association;National Tax Journal, vol. 57(2), pages 189-207, June.
- Pfeffer, Fabian T. & Schoeni, Robert F. & Kennickell, Arthur & Andreski, Patricia, 2016. "Measuring wealth and wealth inequality: Comparing two U.S. surveys," Journal of Economic and Social Measurement, IOS Press, issue 2, pages 103-120.
- Kerwin Kofi Charles & Erik Hurst & Matthew J. Notowidigdo, 2018.
"Housing Booms and Busts, Labor Market Opportunities, and College Attendance,"
American Economic Review, American Economic Association, vol. 108(10), pages 2947-2994, October.
- Kerwin Kofi Charles & Erik Hurst & Matthew J. Notowidigdo, 2015. "Housing Booms and Busts, Labor Market Opportunities, and College Attendance," NBER Working Papers 21587, National Bureau of Economic Research, Inc.
- Feldstein, Martin, 1995.
"College Scholarship Rules and Private Saving,"
American Economic Review, American Economic Association, vol. 85(3), pages 552-566, June.
- Martin Feldstein, 1992. "College Scholarship Rules and Private Saving," NBER Working Papers 4032, National Bureau of Economic Research, Inc.
- C. Kirabo Jackson & Rucker C. Johnson & Claudia Persico, 2016.
"The Effects of School Spending on Educational and Economic Outcomes: Evidence from School Finance Reforms,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(1), pages 157-218.
- C. Kirabo Jackson & Rucker C. Johnson & Claudia Persico, 2015. "The Effects of School Spending on Educational and Economic Outcomes: Evidence from School Finance Reforms," NBER Working Papers 20847, National Bureau of Economic Research, Inc.
- Rucker C. Johnson, 2020. "The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom and Bust," AEA Papers and Proceedings, American Economic Association, vol. 110, pages 405-410, May.
- Long, Mark, 2004. "The impact of asset-tested college financial aid on household savings," Journal of Public Economics, Elsevier, vol. 88(1-2), pages 63-88, January.
- Daniel H. Cooper & Karen E. Dynan & Hannah Rhodenhiser, 2019. "Measuring household wealth in the Panel Study of Income Dynamics: the role of retirement assets," Working Papers 19-6, Federal Reserve Bank of Boston.
- Michael F. Lovenheim, 2011. "The Effect of Liquid Housing Wealth on College Enrollment," Journal of Labor Economics, University of Chicago Press, vol. 29(4), pages 741-771.
- Hurst, Erik & Stafford, Frank, 2004. "Home Is Where the Equity Is: Mortgage Refinancing and Household Consumption," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(6), pages 985-1014, December.
- Susan Dynarski & CJ Libassi & Katherine Michelmore & Stephanie Owen, 2021. "Closing the Gap: The Effect of Reducing Complexity and Uncertainty in College Pricing on the Choices of Low-Income Students," American Economic Review, American Economic Association, vol. 111(6), pages 1721-1756, June.
- Stella M. Flores & Toby J. Park & Dominique J. Baker, 2017. "The Racial College Completion Gap: Evidence From Texas," The Journal of Higher Education, Taylor & Francis Journals, vol. 88(6), pages 894-921, November.
- Florian Hoffmann & David S. Lee & Thomas Lemieux, 2020. "Growing Income Inequality in the United States and Other Advanced Economies," Journal of Economic Perspectives, American Economic Association, vol. 34(4), pages 52-78, Fall.
- Levine, Phillip B., 2022. "A Problem of Fit," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226818535, March.
- Aaron S. Edlin, 1993. "Is College Financial Aid Equitable and Efficient?," Journal of Economic Perspectives, American Economic Association, vol. 7(2), pages 143-158, Spring.
- Kendra Bischoff & Ann Owens, 2019. "The Segregation of Opportunity: Social and Financial Resources in the Educational Contexts of Lower- and Higher-Income Children, 1990–2014," Demography, Springer;Population Association of America (PAA), vol. 56(5), pages 1635-1664, October.
- Jessica Wolpaw Reyes, 2008. "College financial aid rules and the allocation of savings," Education Economics, Taylor & Francis Journals, vol. 16(2), pages 167-189.
- Steven J. Haider & Kathleen McGarry, 2018. "Postsecondary Schooling and Parental Resources: Evidence from the PSID and HRS," Education Finance and Policy, MIT Press, vol. 13(1), pages 72-96, Winter.
- Neil Bhutta & Andrew C. Chang & Lisa J. Dettling & Joanne W. Hsu, 2020. "Disparities in Wealth by Race and Ethnicity in the 2019 Survey of Consumer Finances," FEDS Notes 2020-09-28-2, Board of Governors of the Federal Reserve System (U.S.).
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Peter Hinrichs, 2024. "How Much Can Families Afford to Pay for College?," NBER Chapters, in: Financing Institutions of Higher Education, National Bureau of Economic Research, Inc.
- James Conklin & Kristopher Gerardi & Lauren Lambie-Hanson, 2022.
"Can Everyone Tap Into the Housing Piggy Bank? Racial Disparities in Access to Home Equity,"
FRB Atlanta Working Paper
2022-17, Federal Reserve Bank of Atlanta.
- James Conklin & Kristopher Gerardi & Lauren Lambie-Hanson, 2023. "Can Everyone Tap into the Housing Piggy Bank? Racial Disparities in Access to Home Equity," Working Papers 23-25, Federal Reserve Bank of Philadelphia.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Rajeev Darolia, 2015. "Income-Tested College Financial Aid and Labor Disincentives," Upjohn Working Papers 15-248, W.E. Upjohn Institute for Employment Research.
- Kristy Fan & Tyler J. Fisher & Andrew A. Samwick, 2021. "The Insurance Value of Financial Aid," NBER Working Papers 28669, National Bureau of Economic Research, Inc.
- Jeremy Kirk, 2024. "The Impact of Parental Resources on Human Capital Investment and Labor Market Outcomes: Evidence from the Great Recession," Working Papers 24-34, Center for Economic Studies, U.S. Census Bureau.
- Peter Hinrichs, 2024. "How Much Can Families Afford to Pay for College?," NBER Chapters, in: Financing Institutions of Higher Education, National Bureau of Economic Research, Inc.
- Sandra E. Black & Jeffrey T. Denning & Lisa J. Dettling & Sarena Goodman & Lesley J. Turner, 2023.
"Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being,"
American Economic Review, American Economic Association, vol. 113(12), pages 3357-3400, December.
- Sandra E. Black & Jeffrey T. Denning & Lisa J. Dettling & Sarena Goodman & Lesley J. Turner, 2020. "Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being," NBER Working Papers 27658, National Bureau of Economic Research, Inc.
- Black, Sandra E. & Denning, Jeffrey T. & Dettling, Lisa J. & Goodman, Sarena & Turner, Lesley J., 2023. "Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being," IZA Discussion Papers 15874, Institute of Labor Economics (IZA).
- Xun Bian & Zhenguo Lin & Feifei Zhu, 2024. "Housing leverage, home value, and retirement," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 52(4), pages 1103-1139, July.
- Richard Disney & John Gathergood, 2018.
"House Prices, Wealth Effects and Labour Supply,"
Economica, London School of Economics and Political Science, vol. 85(339), pages 449-478, July.
- Richard Disney & John Gathergood, 2013. "House Prices, Wealth Effects and Labour Supply," Discussion Papers 13/02, University of Nottingham, School of Economics.
- Richard Disney & John Gathergood, 2015. "House prices wealth effect and labor supply," Discussion Papers 2015/19, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
- Disney, Richard & Gathergood, John, 2016. "House prices, wealth effects and labour supply," CFS Working Paper Series 556, Center for Financial Studies (CFS).
- Richard Disney & John Gathergood, 2014. "House prices, wealth effects and labor supply," IFS Working Papers W14/25, Institute for Fiscal Studies.
- N. Meltem Daysal & Michael F. Lovenheim & David N. Wasser, 2023.
"The Intergenerational Transmission of Housing Wealth,"
CESifo Working Paper Series
10647, CESifo.
- N. Meltem Daysal & Michael F. Lovenheim & David Wasser, 2023. "The Intergenerational Transmission of Housing Wealth," CEBI working paper series 22-21, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
- Daysal, N. Meltem & Lovenheim, Michael F. & Wasser, David N., 2023. "The Intergenerational Transmission of Housing Wealth," IZA Discussion Papers 16429, Institute of Labor Economics (IZA).
- N. Meltem Daysal & Michael F. Lovenheim & David N. Wasser, 2023. "The Intergenerational Transmission of Housing Wealth," NBER Working Papers 31669, National Bureau of Economic Research, Inc.
- Hemelt, Steven W. & Marcotte, Dave E., 2008. "Rising Tuition and Enrollment in Public Higher Education," IZA Discussion Papers 3827, Institute of Labor Economics (IZA).
- Atalay, Kadir & Edwards, Rebecca, 2022. "House prices, housing wealth and financial well-being," Journal of Urban Economics, Elsevier, vol. 129(C).
- Andrews, Rodney J. & Imberman, Scott A. & Lovenheim, Michael F., 2020.
"Recruiting and supporting low-income, high-achieving students at flagship universities,"
Economics of Education Review, Elsevier, vol. 74(C).
- Rodney J. Andrews & Scott A. Imberman & Michael F. Lovenheim, 2016. "Recruiting and Supporting Low-Income, High-Achieving Students at Flagship Universities," NBER Working Papers 22260, National Bureau of Economic Research, Inc.
- Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2020.
"Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016,"
Working Papers Series
inetwp124, Institute for New Economic Thinking.
- Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2020. "Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016," Staff Reports 924, Federal Reserve Bank of New York.
- Kuhn, Moritz & Bartscher, Alina & Schularick, Moritz & Steins, Ulrike, 2020. "Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016," CEPR Discussion Papers 14667, C.E.P.R. Discussion Papers.
- Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2020. "Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016," CESifo Working Paper Series 8273, CESifo.
- Meagan McCollum & Gregory B. Upton, 2018. "Asymmetric effects of housing wealth on college enrolment," Applied Economics Letters, Taylor & Francis Journals, vol. 25(3), pages 201-205, February.
- Gustavo Yamada & Oswaldo Molina & Daniel Velásquez, 2018. "Mining and Human Capital Accumulation: the Role of the Return to Education," Working Papers 135, Peruvian Economic Association.
- Braga, Breno & Malkova, Olga, 2020. "Hope for the Family: The Effects of College Costs on Maternal Labor Supply," IZA Discussion Papers 12958, Institute of Labor Economics (IZA).
- Cooper, Kerris & Stewart, Kitty, 2017. "Does Money Affect Children’s Outcomes? An update," LSE Research Online Documents on Economics 103494, London School of Economics and Political Science, LSE Library.
- Lucy McMillan & Pinghui Wu, 2023. "Job Loss, Credit Card Loans, and the College-persistence Decision of US Working Students," Working Papers 23-19, Federal Reserve Bank of Boston.
- Daysal, N. Meltem & Lovenheim, Michael & Siersbæk, Nikolaj & Wasser, David N., 2021.
"Home prices, fertility, and early-life health outcomes,"
Journal of Public Economics, Elsevier, vol. 198(C).
- Daysal, N. Meltem & Lovenheim, Michael F. & Siersbæk, Nikolaj & Wasser, David N., 2020. "Home Prices, Fertility, and Early-Life Health Outcomes," IZA Discussion Papers 13417, Institute of Labor Economics (IZA).
- N. Meltem Daysal & Michael F. Lovenheim & Nikolaj Siersbæk & David N. Wasser, 2020. "Home Prices, Fertility, and Early-Life Health Outcomes," NBER Working Papers 27469, National Bureau of Economic Research, Inc.
- John Mondragon & Janice Eberly & Gene Amromin, 2017. "The Housing Crisis and the Rise in Student Loans," 2017 Meeting Papers 369, Society for Economic Dynamics.
- Goehausen, Johannes & Thomsen, Stephan L., 2024. "Housing Costs, College Enrollment, and Student Mobility," IZA Discussion Papers 16726, Institute of Labor Economics (IZA).
More about this item
JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
- I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
- J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:jpamgt:v:43:y:2024:i:2:p:555-581. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/journal/34787/home .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.