146
Views
1
CrossRef citations to date
0
Altmetric
Original Articles

Asymmetric effects of housing wealth on college enrolment

&
 

ABSTRACT

We investigate the impact of housing wealth, credit availability and financial distress on college enrolment decisions. We find that housing wealth is negatively related to enrolment in public schools and positively related to enrolment in private schools. This evidence suggests that, on average, students substituted away from private schools towards public institutions during the recent financial crisis.

JEL CLASSIFICATION:

Disclosure statement

No potential conflict of interest was reported by the authors.

Notes

1 We repeat the analysis using only schools with less than 90% of enrolment from in-state students and find no significant results.

2 Amounts for individual loans are considered as zero if the borrower has negative equity or if the borrower is currently delinquent on payments.

3 See the 2011 US Census Wealth Highlights Report: https://www.census.gov/people/wealth/files/Wealth%20Highlights%202011.pdf

4 Borrower may also make larger than contractually required payments, leading to an even greater increase in equity, all else equal.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.