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Title: The Effect of Housing Wealth on College Choice: Evidence from the Housing Boom
Resulting in 1 citation.
1. Lovenheim, Michael F.
Reynolds, C. Lockwood
The Effect of Housing Wealth on College Choice: Evidence from the Housing Boom
Journal of Human Resources 48,1 (Winter 2013): 1-35.
Also: http://jhr.uwpress.org/content/48/1/1.short
Cohort(s): NLSY97
Publisher: University of Wisconsin Press
Keyword(s): College Characteristics; College Graduates; Wealth

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.
Bibliography Citation
Lovenheim, Michael F. and C. Lockwood Reynolds. "The Effect of Housing Wealth on College Choice: Evidence from the Housing Boom." Journal of Human Resources 48,1 (Winter 2013): 1-35.