The intergenerational impact of house prices on education: evidence from China
Jing You (),
Miguel Niño-Zarazúa and
Journal of Housing Economics, 2021, vol. 54, issue C
We investigate heterogeneous and nonlinear intergenerational transmission of education and the impact on this of house prices. Using the China Household Finance Survey, we construct household history of property purchases and educational investment over the past 16 years with current filial educational achievement. High house prices tighten the household's credit constraints, resulting in the concave slopes of filial education as a function of father's education. On average one standard deviation in father's (mother's) education accounts for 0.375 (0.098) standard deviations of filial education. Decomposition reveals the “glass ceiling” and the “glass floor” in two tails of education distribution.
Keywords: Intergenerational correlation coefficient; Education; House price; Quantile regression; Decomposition (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhouse:v:54:y:2021:i:c:s1051137721000383
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