@MISC{Children_borrowingconstraints, author = {Young Children and Elizabeth M. Caucutt and Lance Lochner}, title = {Borrowing Constraints on}, year = {} }
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Abstract
Raw differences in educational attainment by family income are dramatic. For example, Ellwood and Kane (2000) find that among the high school graduating class of 1992, those with parents in the top income quartile have a 30 percentage point higher probability of attending a post-secondary institution than those from the bottom income quartile. However, most of this gap disap-pears after controlling for adolescent achievement or cognitive test scores and family background