RT Journal Article
SR Electronic
T1 The Effect of Housing Wealth on College Choice: Evidence from the Housing Boom
JF Journal of Human Resources
JO J Hum Resour
FD University of Wisconsin Press
SP 1
OP 35
DO 10.3368/jhr.48.1.1
VO 48
IS 1
A1 Lovenheim, Michael F.
A1 Reynolds, C. Lockwood
YR 2013
UL http://jhr.uwpress.org/content/48/1/1.abstract
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.