| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18075 |
| 来源ID | Working Paper 18075 |
| The Effect of Housing Wealth on College Choice: Evidence from the Housing Boom | |
| Michael F. Lovenheim; C. Lockwood Reynolds | |
| 发表日期 | 2012-05-10 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | The higher education system in the United States is characterized by a large degree of quality heterogeneity, and there is a growing literature suggesting students attending higher quality universities have better educational and labor market outcomes. In this paper, we use NLSY97 data combined with the difference in the timing and strength of the housing boom across cities to examine how short-run home price growth affects the quality of postsecondary schools chosen by students. Our findings indicate a $10,000 increase in a family's housing wealth in the four years prior to a student becoming of college-age increases the likelihood she attends a flagship public university relative to a non-flagship public university by 2.0 percent and decreases the relative probability of attending a community college by 1.6 percent. These effects are driven by relatively lower and middle-income families. We show that these changes are due to the effect of housing wealth on where students apply, not on whether they are admitted. We also find that short-run increases in home prices lead to increases in direct quality measures of the institutions students attend. Finally, for the lower-income sample, we find home price increases reduce student labor supply and that each $10,000 increase in home prices is associated with a 1.8% increase in the likelihood of completing college. |
| 主题 | Health, Education, and Welfare ; Education ; Labor Economics ; Labor Supply and Demand ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w18075 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575751 |
| 推荐引用方式 GB/T 7714 | Michael F. Lovenheim,C. Lockwood Reynolds. The Effect of Housing Wealth on College Choice: Evidence from the Housing Boom. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18075.pdf（248KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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