Liberty for More: Finance and Educational Opportunities / Ross Levine, Yona Rubinstein.

Format:

Book

Author/Creator:

Levine, Ross.

Contributor:

National Bureau of Economic Research.

Rubinstein, Yona.

Series:

Working Paper Series (National Bureau of Economic Research) no. w19380.

NBER working paper series no. w19380

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Liberty for More

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2013.

Summary:

Banking reforms--that reduced interest rates--boosted college enrollment rates among able students from middle class families. We define "able" students as those with learning aptitude scores in the top two-thirds of the U.S. population. We define "middle class" as families in which both parents are not highly-educated (above 12 years of education) and that are neither in the bottom fourth nor in the top 10 percent of the distribution family income in the U.S. Our findings suggest that credit conditions, the ability of an individual to benefit from college, and a family's financial and educational circumstances combine to shape college decisions. The functioning of the financial system plays a powerful role in shaping the degree to which a child's educational choices--and hence economic opportunities--are defined by parental income.

Notes:

Print version record

August 2013.