Tuitions costs, living expenses, books and student fees are just some of the factors to consider when planning your post-secondary education. Could your parent’s income be another factor in this equation? If you are a youth in the United States, how much your parents earn may determine whether or not you choose a post-secondary education. In Canada however, researchers suggest that parental income does not significantly influence post-secondary attendance rates.
New research from the CIBC Centre in Human Capital and Productivity at the University of Western Ontario outlines these findings in a policy brief authored by economists Lance Lochner (University of Western Ontario professor, Canada Research Chair in Human Capital and Productivity and CIBC Chair in Human Capital and Productivity), Philippe Belley (economics professor at Kansas State University) and Marc Frenette (Senior Research Associate at the Social Research and Demonstration Corporation).
The findings show some significant differences in post-secondary . . . → Read More: Mind the Gap: Differences in the Impact of Parental Income on Post-Secondary Attendance in Canada and the U.S.