TY  - RPRT
        AU  - Anderberg, Dan
AU  - Chevalier, Arnaud
AU  - Nezhad, Lena Hassani
AU  - Lührmann, Melanie
AU  - Pavan, Ronni
        TI  - Higher Education Financing and the Educational Aspirations of Teenagers and their Parents
        PY  - 2020/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 13807
        UR  - https://www.iza.org/publications/dp13807
        AB  - We study the impact of higher education financing on the academic aspirations of teenagers and of their parents. We exploit a reform which introduced a large increase in the maximum university tuition fees and a more redistributive student loan system, both of which varied across the UK's constituent countries. Using rare survey data on postcompulsory secondary and university education aspirations, we find that teenagers' aspirations are not responsive to large changes in higher education financing. In contrast, the socio-economic gap in parental aspirations for their childrens' education is reduced through the reform, in accordance with the redistributive financing policies set by policy-makers.
        KW  - university cost
KW  - access to higher education
KW  - education aspirations
        ER  -