TY  - RPRT
        AU  - Hotz, V. Joseph
AU  - Wiemers, Emily
AU  - Rasmussen, Joshua
AU  - Koegel, Kate Maxwell
        TI  - The Role of Parental Wealth and Income in Financing Children's College Attendance and Its Consequences
        PY  - 2018/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 11842
        UR  - https://www.iza.org/publications/dp11842
        AB  - This paper examines the influence of parental wealth and income on children's college attendance and parental financing decisions, graduation, and quality of college attended, and whether parental financing affects the subsequent indebtedness of parents and children. We find that higher levels of parents' wealth and income increase the likelihood that children attend college with financial support relative to not attending college, and that parental wealth increases the likelihood that children graduate from college. We show descriptive evidence that parental support for college increases the subsequent level of housing debt that parents hold but does not reduce student debt for children.
        KW  - effects of parental wealth and income
KW  - college attendance and graduation
KW  - financing college
        ER  -