Asymmetric effects of housing wealth on college enrolment

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, st...

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Bibliographic Details
Published in:Applied economics letters 2018-02, Vol.25 (3), p.201-205
Main Authors: McCollum, Meagan, Upton, Gregory B.
Format: Article
Language:English
Subjects:
College enrolment
Colleges & universities
Economic analysis
Economic crisis
Economic theory
Economics
Enrollments
household finance
Housing
mortgages
Private schools
Psychological distress
Public schools
real estate
Wealth
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Summary: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.
ISSN:1350-4851
1466-4291
DOI:10.1080/13504851.2017.1310989