PT  - JOURNAL ARTICLE
AU  - Lovenheim, Michael F.
AU  - Reynolds, C. Lockwood
TI  - The Effect of Housing Wealth on College Choice: Evidence from the Housing Boom
AID  - 10.3368/jhr.48.1.1
DP  - 2013 Jan 01
TA  - Journal of Human Resources
PG  - 1--35
VI  - 48
IP  - 1
4099  - http://jhr.uwpress.org/content/48/1/1.short
4100  - http://jhr.uwpress.org/content/48/1/1.full
SO  - J Hum Resour2013 Jan 01; 48
AB  - 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.