The Dynamics of Educational Attainment for Black, Hispanic, and White Males
利用NLSY数据估计学校教育动态模型，发现种族间大学入学差异主要源于长期家庭和环境因素，而非大学阶段的信贷约束，对制定缩小入学差距的政策有参考价值。
This paper estimates a dynamic model of schooling attainment to investigate the sources of racial and ethnic disparity in college attendance. Parental income in the child's adolescent years is a strong predictor of this disparity. This is widely interpreted to mean that credit constraints facing families during the college-going years are important. Using NLSY data, we find that it is the long-run factors associated with parental background and family environment, and not credit constraints facing prospective students in the college-going years, that account for most of the racial-ethnic college-going differential. Policies aimed at improving these long-term family and environmental factors are more likely to be successful in eliminating college attendance differentials than short-term tuition reduction and family income supplement policies aimed at families with college age children.