Publication Type
Working Paper
Version
publishedVersion
Publication Date
9-2023
Abstract
We show that financial constraints can affect the human capital accumulation of college students by influencing students’ labor supply. We document that many college students work a substantial number of hours at low-skill jobs, and students who have fewer financial resources (in particular, parental transfer) tend to work more. We develop a model that incorporates college students’ labor supply and its interaction with parental transfer in the presence of financial constraints. By estimating the model, we quantify the trade-off between self-financing and human capital accumulation and discuss the implications of a wage subsidy policy.
Keywords
College Education, Parental Transfer, Labor Supply, Intergenerational Mobility, Financial Constraints
Discipline
Econometrics | Economics
Research Areas
Applied Microeconomics
First Page
1
Last Page
84
Citation
LEE, Jungho and MYONG, Sunha.
Self-financing, parental transfer, and college education. (2023). 1-84.
Available at: https://ink.library.smu.edu.sg/soe_research/2393
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Comments
published as a conference paper in AASLE 2018