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Understanding Responsibility in Financial Management: The Role of Fee Structures

Author

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  • Lucy Ward

    (School of Economics, University of Sheffield, Sheffield S1 4DT, UK)

Abstract

Some theories suggest that encountering ethnic diversity broadens knowledge and perspectives, equipping individuals with cultural capital. This research examines whether high aspiring ethnic minority pupils influence the university aspirations of White pupils they interact with in the same school. We link White pupils’ reported university likelihood to administrative data on all pupils in England. As an instrument for exposure to ethnic minorities in 2014, we use the proportion of employed individuals in a local area that are nurses in 1951—an indicator of post-World War II job shortages filled by immigrant workers. The findings show that increasing ethnic minorities in schools positively impacts White pupils’ university aspirations. We provide some evidence of heterogeneous impacts across individual and family characteristics, suggesting that improving school diversity could aid in improving higher education participation for under-represented groups.

Suggested Citation

  • Lucy Ward, 2024. "Understanding Responsibility in Financial Management: The Role of Fee Structures," Working Papers 2024014, The University of Sheffield, Department of Economics.
    • Handle: RePEc:shf:wpaper:2024014
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    File URL: https://www.sheffield.ac.uk/economics/research/serps
    File Function: First version, November 2024
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    More about this item

    Keywords

    Ethnic diversity; Peer effects; University; Instrumental variables;
    All these keywords.

    JEL classification:

    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation

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