ERIC Number: EJ1013214
Record Type: Journal
Publication Date: 2013
Pages: 35
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0022-166X
EISSN: N/A
The Effect of Housing Wealth on College Choice: Evidence from the Housing Boom
Lovenheim, Michael F.; Reynolds, C. Lockwood
Journal of Human Resources, v48 n1 p1-35 Win 2013
We use NLSY97 data to examine how home price variation affects the
quality of postsecondary schools students attend. We find a $10,000 increase
in housing wealth increases the likelihood of public flagship university
enrollment relative to nonflagship enrollment by 2.0 percent and decreases
the relative probability of attending a community college by 1.6 percent.
These effects are driven by lower- income families, predominantly by altering
student application decisions. We also find home price changes affect direct
quality measures of institutions students attend. Furthermore, for lower-
income students, each $10,000 increase in home prices leads to a 1.8 percent
increase in the likelihood of completing college. (Contains 9 tables, 1 figure, and 26 footnotes.)
Descriptors: College Choice, Housing, Costs, Real Estate, College Applicants, Enrollment Trends, Low Income, Economic Factors, Statistical Analysis, Private Colleges, State Universities, Community Colleges, College Attendance, Student Characteristics, College Entrance Examinations, Scores
University of Wisconsin Press. 1930 Monroe Street, Madison, WI 53711-2059. Tel: 608-263-0668; Fax: 608-263-1173; e-mail: journals@uwpress.wisc.edu; Web site: http://www.wisc.edu/wisconsinpress/journals
Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Assessments and Surveys: National Longitudinal Survey of Youth
Grant or Contract Numbers: N/A
IES Cited: ED555652