Intergenerational Economic Mobility of Need-Based Financial Aid Recipients in Washington: Evidence from Three Years after Postsecondary Graduation

Autor/inn/en	Kwakye, Isaac; Oliver, Daniel
Institution	Washington Student Achievement Council
Titel	Intergenerational Economic Mobility of Need-Based Financial Aid Recipients in Washington: Evidence from Three Years after Postsecondary Graduation
Quelle	(2022), (29 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Social Mobility; Occupational Mobility; Economic Factors; Income; College Graduates; Education Work Relationship; Outcomes of Education; Student Financial Aid; Need Analysis (Student Financial Aid); Wages; Family Income; Postsecondary Education; Labor Market; Washington + Suchen Sie Ihr Suchwort? Soziale Mobilität; Berufliche Mobilität; Ökonomischer Faktor; Einkommen; Hochschulabsolvent; Hochschulabsolventin; Lernleistung; Schulerfolg; Finanzielle Beihilfe; Studienfinanzierung; Studienförderung; Demand analysis; Bedarfsanalyse; Wage; Löhne; Familieneinkommen; Post-secondary education; Tertiäre Bildung; Labour market; Arbeitsmarkt
Abstract	A postsecondary degree is widely promoted as a great intergenerational economic equalizer for individuals born into disadvantaged economic circumstances. Yet, there is little empirical evidence documenting the extent that this may be true and whether people from all racial and ethnic, and language backgrounds are benefitting equally. We provide a rare glimpse of this by reporting the patterns of economic mobility for Washington residents who received need-based financial aid and graduated with an associate or bachelor's degree from a public postsecondary institution in Washington. To provide insights, we match wage records from Washington's Unemployment Insurance program with financial aid records that report parental family income. The matching of data allows us to directly compare the annual wages of adult children in the third year after postsecondary graduation to their parents' family income. The findings from our descriptive analysis are promising and show that need-based aid and postsecondary degrees offer a path towards economic mobility for Washingtonians. (As Provided).
Anmerkungen	Washington Student Achievement Council. P.O. Box 43430, Olympia, WA 98504. Tel: 360-753-7800; E-mail: info@wsac.wa.gov; Web site: http://www.wsac.wa.gov
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01