We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
CREDIT CONSTRAINTS AND DEMAND FOR HIGHER EDUCATION: EVIDENCE FROM FINANCIAL DEREGULATION.
- Authors
Sun, Stephen Teng; Yannelis, Constantine
- Abstract
We use staggered banking deregulation across states in the United States to examine the impact of the resulting increased credit supply on college enrollment from the 1970s to the early 1990s. Our research design produces estimates that are not confounded by wealth effects due to changes in income or housing wealth.We find that lifting banking restrictions raises college enrollment by about 2.6 percentage points (4.9%). We rule out alternative interpretations by examining results for different income groups and bankrupt households.We alsofind similar effects for two-year or fouryear college completion and supporting evidence in household educational borrowing.
- Subjects
UNITED States; DEREGULATION; HIGHER education finance; BANKING industry; COLLEGE enrollment; EDUCATION of poor people
- Publication
Review of Economics & Statistics, 2016, Vol 98, Issue 1, p12
- ISSN
0034-6535
- Publication type
Article
- DOI
10.1162/REST_a_00558