TY  - JOUR
AU  - Haider,Steven J.
AU  - McGarry,Kathleen M.
TI  - Parental Investments in College and Later Cash Transfers
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 18485
PY  - 2012
Y2  - October 2012
UR  - http://www.nber.org/papers/w18485
L1  - http://www.nber.org/papers/w18485.pdf
N1  - Author contact info:
Steven J. Haider
Department of Economics
Michigan State University
101 Marshall Hall
East Lansing, MI 48824
Tel: 517/355-1860
Fax: 517/432-1068
E-Mail: haider@msu.edu

Kathleen M. McGarry
Department of Economics
University of California, Los Angeles
Los Angeles, CA 90095-1477
Tel: 310-206-2833
Fax: 310-825-9528
E-Mail: mcgarry@ucla.edu
AB  - The rising cost of college tuition and the accompanying investment parents often make have received considerable attention recently. While classic models in economics make important predictions about the magnitudes of these investments, their distribution across children, and their relationship with later cash transfers, there has been little empirical work examining these predictions, especially with regards to the differential treatment of siblings. Using unique data from a supplement to the Health and Retirement Study, we find that parents typically invest  differentially in the schooling of siblings, but we find no evidence that these investments are offset by later cash transfers.
ER  -