The Effects of Increasing Enrollment on Student Housing Choices and Welfare

Anna Carroll, Dennis Guignet and O. Ashton Morgan

No 24-21, Working Papers from Department of Economics, Appalachian State University

Abstract: : Many universities strive to increase enrollment but this can put a strain on local housing markets, for both students and local residents. This study implements a stated preference discrete choice experiment to investigate how students trade off different housing features in the face of increasing rent due to higher demand, and ultimately estimates the resulting welfare effects on students. Random utility models are estimated, and suggest that when faced with increasing rent, most students prefer to move to cheaper housing that is farther away from campus, while some will decide to leave the university altogether. Results indicate, for example, that rent increases of $100 per month will lead to a 7.8 percentage point increase in students who move to an apartment that is farther from campus, and result in a 0.6-1.3 percentage point increase in students who would leave the university. By shedding light on the housing decisions of students, this study helps inform local governments and university officials trying to establish affordable housing options and sustainable student population growth. Key Words: : discrete choice experiment, housing choice, student housing, student welfare

JEL-codes: O18 R21 R31 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-dcm, nep-upt and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://econ.appstate.edu/RePEc/pdf/wp2421.pdf (application/pdf)

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:apl:wpaper:24-21

Access Statistics for this paper

More papers in Working Papers from Department of Economics, Appalachian State University Contact information at EDIRC.
Bibliographic data for series maintained by O. Ashton Morgan ().