2023
DOI: 10.1007/s10834-023-09918-8
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The Economic Context of Higher Education Expansion: Race, Gender, and Household Finances Across Cohorts and Generations

Abstract: This article assesses how the economic context of higher education expansion since the mid-20th century has shaped families’ financial lives—in terms of income and wealth/debt—as well as how these trends have differed for Black and White women and men. We use data from the NLSY-79 (comprising trailing-edge Baby Boomers) and NLSY-97 (comprising early Millennials) to show how academically similar students in these two cohorts fared in terms of educational attainment, household income, household wealth, and total… Show more

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