EconPapers    
Economics at your fingertips  
 

The Effect of Liquid Housing Wealth on College Enrollment

Michael Lovenheim ()

Journal of Labor Economics, 2011, vol. 29, issue 4, 741 - 771

Abstract: This article uses short-run housing wealth changes to identify the effect of housing wealth on college attendance. I find that households used their housing wealth to finance postsecondary enrollment in the 2000s when housing wealth was most liquid; each $10,000 in home equity raises college enrollment by 0.7 of a percentage point on average. The effect is localized to lower-resource families, for whom a $10,000 increase in housing wealth increases enrollment by 5.7 percentage points. These estimates imply that the recent housing bust could significantly negatively affect college enrollment through reduction in the housing wealth of families with college-age children.

Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (86) Track citations by RSS feed

Downloads: (external link)
http://dx.doi.org/10.1086/660775 (application/pdf)
http://dx.doi.org/10.1086/660775 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:jlabec:doi:10.1086/660775

Access Statistics for this article

More articles in Journal of Labor Economics from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().

 
Page updated 2020-07-09
Handle: RePEc:ucp:jlabec:doi:10.1086/660775