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ERIC Number: EJ1013214
Record Type: Journal
Publication Date: 2013
Pages: 35
Abstractor: As Provided
Reference Count: 41
ISBN: N/A
ISSN: ISSN-0022-166X
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.)
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
IES Cited: ED555652