Perceived Value of College as an Investment in Human and Social Capital: Views of Generations X and Y

Carrie L. Johnson, Michael Gutter, Yilan Xu, Soo Hyun Cho, Sharon DeVaney

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish (US)
Pages (from-to)193-207
Number of pages15
JournalFamily and Consumer Sciences Research Journal
Volume45
Issue number2
DOIs
StatePublished - Dec 1 2016

Keywords

  • generation X
  • generation Y
  • human capital
  • millennial
  • social capital

ASJC Scopus subject areas

  • Cultural Studies
  • Sociology and Political Science

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