• DOI:10.1016/J.JOEP.2017.01.004
Corpus ID: 18931799

Expectations, education, and opportunity

@article{DeBacker2017ExpectationsEA,
  title={Expectations, education, and opportunity},
  author={J. DeBacker and P. Routon},
  journal={Journal of Economic Psychology},
  year={2017},
  volume={59},
  pages={29-44}
}

J. DeBacker, P. Routon

Published 2017

Psychology

Journal of Economic Psychology

Using a long panel of youths, we establish a causal link between parental expectations regarding education and educational attainment. In particular, we use an instrumental variables approach to find that the child’s chances of obtaining a high school or college degree are increasing in the parent’s expectations of the likelihood of these events. We then use differences between the objective likelihood of a child’s educational attainment and the parents’ subjective probabilities to consider the… CONTINUE READING

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