Acemoglu, Daron; Pischke, Jörn-Steffen - 2003
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 …