| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28428 |
| 来源ID | Working Paper 28428 |
| The Effects of Negative Equity on Children\u2019s Educational Outcomes | |
| Vicki Been; Ingrid Ellen; David N. Figlio; Ashlyn Nelson; Stephen Ross; Amy Ellen Schwartz; Leanna Stiefel | |
| 发表日期 | 2021-02-08 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This study examines the effects of negative equity on children’s academic performance, using data on children attending Florida public schools and housing transactions from the State of Florida. Our empirical strategy exploits variation over time in the timing of family moves to Florida in order to account for household sorting into neighborhoods and schools and selection into initial mortgage terms. In contrast to the existing literature on foreclosure and children’s outcomes, we find that Florida students with the highest risk of negative equity exhibit significantly higher test score growth. These effects are largest among Black students and students who qualify for free or reduced-priced lunch. We find evidence supporting two underlying mechanisms: (1) consumption patterns suggest that families in negative equity may reduce the impact of income losses on consumption by forgoing mortgage payments, and (2) mobility patterns suggest that families exposed to high levels of negative equity may move to schools that are of higher quality on average. While negative equity and foreclosure are undesirable, the changing incentives in terms of mortgage delinquency may have helped families manage the economic shocks caused by the great recession, as well as temporarily reduced the housing market barriers faced by low income households when attempting to access educational opportunities. |
| 主题 | Health, Education, and Welfare ; Education ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w28428 |
| 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/586101 |
| 推荐引用方式 GB/T 7714 | Vicki Been,Ingrid Ellen,David N. Figlio,et al. The Effects of Negative Equity on Children\u2019s Educational Outcomes. 2021. |
| 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 | ||
| w28428.pdf（580KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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