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College Access and Intergenerational Mobility

Author

Listed:
  • Lutz Hendricks
  • Tatyana Koreshkova
  • Oksana Leukhina

Abstract

This paper studies how college admissions preferences for lower-income students affect intergenerational earnings mobility. We develop a quantitative model of college choice with quality-differentiated colleges. We find that admissions preferences substantially increase lower-income enrollment in selective colleges and intergenerational earnings mobility. The associated losses of aggregate earnings are very small.

Suggested Citation

  • Lutz Hendricks & Tatyana Koreshkova & Oksana Leukhina, 2024. "College Access and Intergenerational Mobility," Working Papers 2024-030, Federal Reserve Bank of St. Louis, revised 11 Apr 2025.
    • Handle: RePEc:fip:fedlwp:98881
    DOI: 10.20955/wp.2024.030
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    References listed on IDEAS

    as
    1. Sandra E. Black & Jeffrey T. Denning & Jesse Rothstein, 2023. "Winners and Losers? The Effect of Gaining and Losing Access to Selective Colleges on Education and Labor Market Outcomes," American Economic Journal: Applied Economics, American Economic Association, vol. 15(1), pages 26-67, January.
    2. Castleman, Benjamin L. & Page, Lindsay C., 2015. "Summer nudging: Can personalized text messages and peer mentor outreach increase college going among low-income high school graduates?," Journal of Economic Behavior & Organization, Elsevier, vol. 115(C), pages 144-160.
    3. Bound, John & Turner, Sarah, 2011. "Dropouts and Diplomas," Handbook of the Economics of Education, in: Erik Hanushek & Stephen Machin & Ludger Woessmann (ed.), Handbook of the Economics of Education, edition 1, volume 4, chapter 0, pages 573-613, Elsevier.
    4. Dennis Epple & Richard Romano & Holger Sieg, 2006. "Admission, Tuition, and Financial Aid Policies in the Market for Higher Education," Econometrica, Econometric Society, vol. 74(4), pages 885-928, July.
    5. Peter Arcidiacono & Michael Lovenheim & Maria Zhu, 2015. "Affirmative Action in Undergraduate Education," Annual Review of Economics, Annual Reviews, vol. 7(1), pages 487-518, August.
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    Cited by:

    1. Emily G. Moschini & Gajendran Raveendranathan, 2024. "College Financial Aid Application Frictions," Department of Economics Working Papers 2024-10, McMaster University.

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    More about this item

    Keywords

    college quality; human capital; college access; intergenerational mobility; income-based admissions;
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