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} }
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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