The DOI matches its Crossref record; 24 of the 24 references it cites were found in a registry or an index.
Capital for College: Parental Assets and Postsecondary Schooling
Abstract
This article argues that traditional models of educational attainment have neglected a substantial portion of the economic resources available to parents to facilitate their children's success in schooling: wealth. In multigenerational analyses of the Panel Study of Income Dynamics, it demonstrates that parental wealth, as measured by net worth, has a strong, nonlinear effect on the postsecondary schooling of offspring-net of income and other measures of socioeconomic background. Logistic regression models show that parental wealth is a strong predictor of enrollment in college and may affect the completion of college (attaining a bachelor's degree) but is not significant for the transition to graduate school. A comparison of models in which wealth is converted into an income stream and then added to annual income and models in which the effects of parental income and net worth are estimated separately indicates that wealth has properties that are analytically distinct from income
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In the citing paper
“Family wealth is a distinct form of economic advantage that can shape higher education outcomes, above and beyond family income (Conley, 2001; Pfeffer, 2018).”
From Wealth, Race, and Under-Addressed Financial Need in Federal Student Aid Policy (2025) · cites this paper as Conley, 2001
In the citing paper
“family wealth provides a vital, and vastly unequal, form of financial support for college (Conley, 2001; Pfeffer, 2018).”
From Wealth, Race, and Under-Addressed Financial Need in Federal Student Aid Policy (2025) · cites this paper as Conley, 2001
In the citing paper
“existing research indicates that wealth inequalities permeate the entire postsecondary trajectory, from college access to completion (Braga etal., 2017; Conley, 2001; Hotz etal. 2023; Jez, 2014; Pfeffer, 2018).”
From Wealth, Race, and Under-Addressed Financial Need in Federal Student Aid Policy (2025) · cites this paper as Conley, 2001
Citations
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Inequality: A Reassessment of the Effect of Family and Schooling in America
Buckles, S. G., & Jencks, C. (1973) · The Journal of Economic Education · doi:10.2307/1182840 · Cited by 2,364
How Much Does Childhood Poverty Affect the Life Chances of Children?
Duncan, G. J., Yeung, W. J., Jeanne Brooks-gunn, B., & Smith, J. R. (1998) · American Sociological Review · doi:10.2307/2657556 · Cited by 1,616
Featherman, D. L., & Hauser, R. M. (1978) · Cited by 1,273
What money can't buy: family income and children's life chances
(1997) · Choice Reviews Online · doi:10.5860/choice.35-1231 · Cited by 952
The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth
Modigliani, F. (1988) · The Journal of Economic Perspectives · doi:10.1257/jep.2.2.15 · Cited by 674
Who Gets Ahead? The Determinants of Economic Success in America
Skoro, C. L., & Jencks, C. (1980) · Teachers College Record The Voice of Scholarship in Education · Cited by 633
Being Black, Living in the Red: Race, Wealth, and Social Policy in America
Herring, C., & Conley, D. (2000) · Contemporary Sociology A Journal of Reviews · doi:10.2307/2654395 · Cited by 610
Self-citationParental family income and the socioeconomic attainment of children
Hill, M. S., & Duncan, G. J. (1987) · Social Science Research · doi:10.1016/0049-089x(87)90018-4 · Cited by 293
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Cited by
Sorted by citations
Children and Youth Services Review
Zhan, M., & Sherraden, M. W. (2011) · Cited by 746
Best Practices in Conceptualizing and Measuring Social Class in Psychological Research
Diemer, M. A., Mistry, R. S., Wadsworth, M. E., Lopez, I. R., & Reimers, F. A. (2012) · Analyses of Social Issues and Public Policy · doi:10.1111/asap.12001 · Cited by 660
Wealth Inequality and Accumulation
Killewald, A., Pfeffer, F. T., & Schachner, J. N. (2017) · Annual Review of Sociology · doi:10.1146/annurev-soc-060116-053331 · Cited by 482
“…et al. 1998; Keister 2000, 2004; Oliver & Shapiro 2006; but see also Hanna et al. 2010), which may contribute to the race gap in wealth as well (Altonji & Doraszelski 2005, Conley 2001b, Gittleman & Wolff 2004, Hurst et al. 1998, Keister 2000, Menchik & Jianakoplos 1997, Oliver & Shapiro 2006).”
BackgroundMethodInfluentialReconsidering the Effects of Sibling Configuration: Recent Advances and Challenges
Steelman, L. C., Powell, B., Werum, R., & Carter, S. (2002) · Annual Review of Sociology · doi:10.1146/annurev.soc.28.111301.093304 · Cited by 461
Black-White Differences in Achievement: The Importance of Wealth
Orr, A. J. (2003) · Sociology of Education · doi:10.2307/1519867 · Cited by 421
Metadata
- Authors
- Conley, D.
- Affiliations
- New York University (US)
- Corresponding author
- Conley, Dalton
- ORCID
- Conley, Dalton
- Venue
- Sociology of Education
- Publisher
- JSTOR
- Published
- 2001-01
- Volume
- 74
- Issue
- 1
- Pages
- 59
- ISSN
- 0038-0407 (ISSN-L)
- OpenAlex
- W2061008715
- Cited by
- 325
- References
- 24
- Citations by year
- 2026: 4 · 2025: 14 · 2024: 7 · 2023: 9 · 2022: 10 · 2021: 8 · 2020: 16 · 2019: 11 · 2018: 21 · 2017: 16 · 2016: 20 · 2015: 17 · 2014: 22 · 2013: 15 · 2012: 21
- FWCI
- 12.37
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Sociology of Education (publishedVersion)
- Topics
- Social Sciences › Sociology and Political Science › Intergenerational and Educational Inequality Studies
- Social Sciences › Education › Higher Education Research Studies
- Social Sciences › Sociology and Political Science › Cultural Capital and Social Class
- Keywords
- parental wealth, net worth, college enrollment, college completion, graduate school, educational attainment, parental income, intergenerational transmission, Panel Study of Income Dynamics
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