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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 low 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 low income enrollment in top quality 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.
    • 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. 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.
    3. 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; intergenerational mobility; income-based admissions;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education

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