emergence of differentials in abilities between children of advantaged families and children of disadvantaged families, (c) the …

We exploit the changes in the distribution of family income to estimate the effect of parental resources on college … education. Our strategy exploits the fact that families at the bottom of the income distribution were much poorer in the 1990s … suggest large effects of family income on enrollments. For example, we find that a 10 percent increase in family income is …

This paper examines the family income -- college enrollment relationship and the evidence on credit constraints in post … ability. Long-run factors crystallized in ability are the major determinants of the family income -- schooling relationship …

forecastable at the time students decide to go to college (heterogeneity) and components that are unforecastable. About 60% of …

. Their study has been faulted because minority children and their parents may have pessimistic expectations about receiving … outcomes, minority parents and children have more pessimistic expectations about child schooling relative to white children and … their parents when their children are young. At later ages, expectations are more uniform across racial and ethnic groups …