Housing Prices, Unemployment Rates, Disadvantage, and Progress toward a Degree

Leslie Stratton

No 10941, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Rising unemployment and housing price appreciation are associated with increased college enrollment. Enrollment does not, however, guarantee completion. We use a discrete time, competing hazard function that accommodates individual-specific heterogeneity to assess the impact changing unemployment and housing prices have on progress toward a college degree in the United States for students interviewed for the 1996-2001 Beginning Post-Secondary Survey. The results indicate that rising unemployment rates have at best a modest effect on six year graduation rates. Both boys and girls are, however, more likely to not be enrolled and less likely to have graduated at the six-year mark when housing prices appreciate, and this effect is more pronounced for more disadvantaged youth.

Keywords: higher education; graduation; housing prices; unemployment; disadvantage (search for similar items in EconPapers)
JEL-codes: I21 I24 (search for similar items in EconPapers)
Pages: 58 pages
Date: 2017-08
New Economics Papers: this item is included in nep-edu and nep-ure
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