Table 2

Means and Standard Deviations of Analysis Variables Among Homeowners

VariableFull SampleLow IncomeMiddle IncomeHigh Income
(1)(2)(3)(4)(5)(6)(7)(8)
Four-year home price change ($10,000)  5.331  6.034  3.389  3.922  4.989  4.895  8.891  8.315
Real family income ($10,000)10.110  6.958  5.023  2.114  9.706  1.35719.034  7.001
AFQT Score63.8625.4357.5726.4665.1224.1972.2722.65
Father high school dropout  0.085  0.279  0.148  0.355  0.058  0.233  0.023  0.150
Father high school diploma  0.314  0.464  0.415  0.493  0.316  0.465  0.147  0.354
Father some college  0.227  0.419  0.222  0.416  0.274  0.446  0.165  0.371
Father BA or above  0.374  0.484  0.216  0.411  0.352  0.478  0.666  0.472
Mother high school dropout  0.069  0.253  0.122  0.327  0.043  0.203  0.020  0.138
Mother high school diploma  0.307  0.462  0.400  0.490  0.299  0.458  0.167  0.373
Mother some college  0.282  0.450  0.269  0.444  0.330  0.470  0.232  0.422
Mother BA or above  0.342  0.474  0.209  0.406  0.328  0.470  0.582  0.493
Female  0.526  0.499  0.544  0.498  0.511  0.500  0.522  0.500
White  0.736  0.441  0.640  0.480  0.773  0.419  0.838  0.369
Black  0.097  0.296  0.151  0.358  0.077  0.267  0.039  0.194
Hispanic  0.099  0.299  0.145  0.352  0.084  0.278  0.047  0.212
Other race  0.068  0.251  0.064  0.245  0.066  0.248  0.076  0.265
Age 12  0.135  0.342  0.151  0.358  0.126  0.332  0.124  0.329
Age 13  0.193  0.395  0.189  0.391  0.206  0.404  0.179  0.384
Age 14  0.200  0.400  0.183  0.387  0.215  0.411  0.206  0.404
Age 15  0.194  0.396  0.196  0.397  0.187  0.390  0.203  0.402
Age 16  0.202  0.401  0.201  0.401  0.192  0.394  0.215  0.411
Age 17  0.076  0.264  0.078  0.269  0.074  0.262  0.073  0.260
Nonflagship public  0.330  0.471  0.303  0.460  0.363  0.481  0.327  0.469
Flagship public  0.094  0.291  0.047  0.212  0.082  0.274  0.187  0.390
Private four-year  0.198  0.399  0.173  0.378  0.188  0.391  0.254  0.436
Community college  0.378  0.485  0.477  0.500  0.368  0.482  0.232  0.422
Unemployment rate  4.354  1.495  4.432  1.532  4.370  1.510  4.203  1.397
Real per capita income ($1,000)32.05  5.9031.88  5.9931.88  5.8532.57  5.79
Two-year schools per 18–24 year old  0.038  0.018  0.040  0.020  0.037  0.017  0.038  0.017
Four-year schools per 18–24 year old  0.071  0.043  0.068  0.040  0.073  0.042  0.074  0.048
Real need-based aid per student  0.463  0.438  0.436  0.431  0.493  0.459  0.463  0.416
BA-AA wage ratio  1.407  0.087  1.407  0.089  1.410  0.084  1.404  0.089
BA-HS wage ratio  1.845  0.127  1.836  0.128  1.848  0.121  1.854  0.133
25th percentile math SAT484.5667.67463.0764.84479.5759.89513.4369.34
75th percentile math SAT595.9963.61575.6363.80591.7855.10622.7563.82
Faculty-student ratio  0.038  0.024  0.033  0.020  0.037  0.022  0.047  0.029
Expenditures per student16,21718,45312,33712,77514,68515,21224,01526,103
Instructional expenditures per student  5,925  5,341  4,884  3,875  5,484  4,156  8,253  7,711
Graduation rate  0.564  0.177  0.509  0.174  0.552  0.165  0.639  0.166
In-state tuition  7,085  7,5015899  6,422  6,974  7,053  9,194  9,155
Out-of-state tuition11,791  6,85810,106  6,10111,691  6,37814,698  7,709
Time between high school and college  0.187  0.403  0.238  0.458  0.188  0.406  0.101  0.263
BA  0.416  0.493  0.312  0.463  0.418  0.493  0.584  0.493
Observations2,8011,242967592

  • Notes: Means are shown in odd columns and standard deviations are shown in even columns. All estimates include sample weights and are for the sample who attend college within two years of high school graduation and whose parents own a home in 1997. Low-income families are those with total income under $75,000, medium income families are those with total income between $75,000 and $125,000, and high-income families are those with total income greater than $125,000.