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The influence of family wealth on the educational attainments of youths in Thailand

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  • Lathapipat, Dilaka
Abstract
This paper investigates the relative role of family wealth and other family characteristics in determining schooling decisions. Instead of employing a common approach that focuses on certain education levels, an alternative method is proposed that allows a study of the entire schooling attainment distribution for youths in different wealth quartiles. Even without access to a direct measure of scholastic ability, the study finds that differences in the “long-run” family factors perceived to be important in shaping cognitive ability account for the bulk of inequality in schooling attainment in the 1991 youth cohort. However, a decline in the relative importance of family backgrounds is observed in later cohorts. The surge in the relative importance of family wealth on college enrollment could be caused by either the increasing cost of college education or by the relatively rich and academically less able individuals taking a larger share of recent increases in college enrollment.

Suggested Citation

  • Lathapipat, Dilaka, 2013. "The influence of family wealth on the educational attainments of youths in Thailand," Economics of Education Review, Elsevier, vol. 37(C), pages 240-257.
    • Handle: RePEc:eee:ecoedu:v:37:y:2013:i:c:p:240-257
    DOI: 10.1016/j.econedurev.2013.07.004
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    References listed on IDEAS

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    1. Stephen V. Cameron & James J. Heckman, 1998. "Life Cycle Schooling and Dynamic Selection Bias: Models and Evidence for Five Cohorts of American Males," Journal of Political Economy, University of Chicago Press, vol. 106(2), pages 262-333, April.
    2. Pedro Carneiro & James J. Heckman, 2002. "The Evidence on Credit Constraints in Post--secondary Schooling," Economic Journal, Royal Economic Society, vol. 112(482), pages 705-734, October.
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    4. Philippe Belley & Lance Lochner, 2007. "The Changing Role of Family Income and Ability in Determining Educational Achievement," Journal of Human Capital, University of Chicago Press, vol. 1(1), pages 37-89.
    5. Stephen V. Cameron & James J. Heckman, 1998. "Life Cycle Schooling and Dynamic Selection Bias: Models and Evidence for Five Cohorts," NBER Working Papers 6385, National Bureau of Economic Research, Inc.
    6. Holmes, Jessica, 2003. "Measuring the determinants of school completion in Pakistan: analysis of censoring and selection bias," Economics of Education Review, Elsevier, vol. 22(3), pages 249-264, June.
    7. Stephen V. Cameron & James J. Heckman, 2001. "The Dynamics of Educational Attainment for Black, Hispanic, and White Males," Journal of Political Economy, University of Chicago Press, vol. 109(3), pages 455-499, June.
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    Cited by:

    1. Herrmann, Tabea & Leckcivilize, Attakrit & Zenker, Juliane, 2021. "The impact of cash transfers on child outcomes in rural Thailand: Evidence from a social pension reform," The Journal of the Economics of Ageing, Elsevier, vol. 19(C).
    2. Frederico Gil Sander & Intan Nadia Jalil & Rabia Ali, 2013. "Malaysia Economic Monitor, December 2013 : High-Performing Education," World Bank Publications - Reports 16705, The World Bank Group.
    3. Chapman, Bruce & Lounkaew, Kiatanantha, 2013. "Introduction to the special issue on Economic Research for Education Policy," Economics of Education Review, Elsevier, vol. 37(C), pages 200-203.

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    More about this item

    Keywords

    Education inequality; Educational attainment distribution; Credit constraint in education;
    All these keywords.

    JEL classification:

    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality

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