Panel Paper:
Experimental Estimates of the Effect of Information about the Costs and Returns to Postsecondary Education on the Educational Aspirations of Parents for their Children
*Names in bold indicate Presenter
Data come from the Education Next poll, which will be administered to a nationally-representative sample of at least 1,500 U.S. parents in the summer of 2017. Respondents will be randomly-assigned one of four treatment conditions in which they may or may not receive information about the costs and/or returns to a postsecondary education. After providing this information, we then ask parents whether they would prefer that their child enroll in a two-year program, four-year program, or neither. The table below displays the four items and their associated treatment conditions.
Table: Experimental Design
|
No Cost Information |
Providing Cost Information |
No Returns Information |
Thinking about your oldest child under the age of 18, would you prefer that child attend a community college to earn a two-year degree or attend a university to earn four-year degree. |
It costs $Z to complete a four-year degree, while it costs $W per year to complete a two-year degree. Thinking about your oldest child under the age of 18, would you prefer that child attend a community college to earn a two-year degree or attend a university to earn four-year degree. |
Providing Returns Information |
Students completing a four-year degree earn $X annually, while those completing a two-year degree earn $Y annually over the course of their working lives. Thinking about your oldest child under the age of 18, would you prefer that child attend a community college to earn a two-year degree or attend a university to earn four-year degree. |
Students completing a four-year degree earn $X annually, while those completing a two-year degree earn $Y annually over the course of their working lives. It costs $Z to complete a four-year degree, while it costs $W per year to complete a two-year degree. Thinking about your oldest child under the age of 18, would you prefer that child attend a community college to earn a two-year degree or attend a university to earn four-year degree. |
We will compare responses across all four treatment groups and expect to have a sample large enough to conduct several subgroup analyses, especially for segments of the population who exhibit persistently lower levels of educational attainment. For example, we plan to estimate information effects by household income levels, educational attainment levels, and racial background. Results will contribute to understanding the decision to pursue postsecondary education, especially the role that information asymmetries and gaps play.