Premium
Perceived Value of College as an Investment in Human and Social Capital: Views of Generations X and Y
Author(s) -
Johnson Carrie L.,
Gutter Michael,
Xu Yilan,
Cho Soo Hyun,
DeVaney Sharon
Publication year - 2016
Publication title -
family and consumer sciences research journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.372
H-Index - 31
eISSN - 1552-3934
pISSN - 1077-727X
DOI - 10.1111/fcsr.12195
Subject(s) - human capital , generation y , generation x , investment (military) , social capital , value (mathematics) , student loan , loan , demographic economics , higher education , social mobility , psychology , perception , baby boomers , sample (material) , capital (architecture) , economics , social psychology , sociology , business , marketing , political science , finance , economic growth , social science , geography , law , chemistry , computer science , chromatography , machine learning , neuroscience , politics , archaeology
This article examines the perception of college based on the investment in human or social capital. An online survey was used to collect data. After deleting the responses from older cohorts (Baby Boomers and the Silent Generation) and incomplete responses, the sample consisted of 1,000 adult participants who had student loans. Similarities and differences between generations X and Y student loan borrowers were investigated. Generation Y ranked social capital reasons for a college education higher than human capital reasons. In contrast, Generation X ranked human capital reasons for a college education higher than social capital reasons. Generation and perceived value of college were significantly associated with the satisfaction related to student loans.