ERIC Number: ED623856
Record Type: Non-Journal
Publication Date: 2022-Nov
Pages: 29
Abstractor: As Provided
ISBN: N/A
ISSN: N/A
EISSN: N/A
Intergenerational Economic Mobility of Need-Based Financial Aid Recipients in Washington: Evidence from Three Years after Postsecondary Graduation
Kwakye, Isaac; Oliver, Daniel
Washington Student Achievement Council
A postsecondary degree is widely promoted as a great intergenerational economic equalizer for individuals born into disadvantaged economic circumstances. Yet, there is little empirical evidence documenting the extent that this may be true and whether people from all racial and ethnic, and language backgrounds are benefitting equally. We provide a rare glimpse of this by reporting the patterns of economic mobility for Washington residents who received need-based financial aid and graduated with an associate or bachelor's degree from a public postsecondary institution in Washington. To provide insights, we match wage records from Washington's Unemployment Insurance program with financial aid records that report parental family income. The matching of data allows us to directly compare the annual wages of adult children in the third year after postsecondary graduation to their parents' family income. The findings from our descriptive analysis are promising and show that need-based aid and postsecondary degrees offer a path towards economic mobility for Washingtonians.
Descriptors: Social Mobility, Occupational Mobility, Economic Factors, Income, College Graduates, Education Work Relationship, Outcomes of Education, Student Financial Aid, Need Analysis (Student Financial Aid), Wages, Family Income, Postsecondary Education, Labor Market
Washington Student Achievement Council. P.O. Box 43430, Olympia, WA 98504. Tel: 360-753-7800; E-mail: info@wsac.wa.gov; Web site: http://www.wsac.wa.gov
Publication Type: Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Washington Student Achievement Council
Identifiers - Location: Washington
Grant or Contract Numbers: N/A