The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom and Bust

The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom and Bust

This study provides new evidence on the impact of parental wealth on college degree attainment. Using geocoded data from the Panel Study of Income Dynamics (1968–2017) linked to local housing price data from the Federal Housing Finance Agency, the empirical strategy analyzes parental housing wealth...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:AEA papers and proceedings 2020-05, Vol.110, p.405-410
1. Verfasser: Johnson, Rucker C.
Format: Artikel
Sprache:eng
Schlagworte:
WEALTH AND EDUCATION
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
container_end_page 410
container_issue
container_start_page 405
container_title AEA papers and proceedings
container_volume 110
creator Johnson, Rucker C.
description This study provides new evidence on the impact of parental wealth on college degree attainment. Using geocoded data from the Panel Study of Income Dynamics (1968–2017) linked to local housing price data from the Federal Housing Finance Agency, the empirical strategy analyzes parental housing wealth changes induced by local housing booms of the late 1990s–early 2000s and the subsequent housing bust of the 2007–2009 period. 2SLS/IV estimates show parental wealth significantly increases the likelihood of earning a four-year college degree. Moreover, the combined effects of parental income and wealth are significantly greater than the effects of income alone.
doi_str_mv 10.1257/pandp.20201110
format Article
fullrecord <record><control><sourceid>jstor_cross</sourceid><recordid>TN_cdi_crossref_primary_10_1257_pandp_20201110</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><jstor_id>27042588</jstor_id><sourcerecordid>27042588</sourcerecordid><originalsourceid>FETCH-LOGICAL-c224t-5f9e0bb8d0562f28394f23a254fe7e624923fd6461eb537da49e0573d57318ba3</originalsourceid><addsrcrecordid>eNo9j8tKAzEUhoMoWGq37oS8wNTk5Dbjroy3QkEXFZdDZuakF-ZGko1vb7TaxeEcfr7_wEfILWdLDsrcT3ZopyUwYJxzdkFmKZQZM0Zfnm-dX5NFCEfGEiYKrWFGHrZ7pOt-sk2ko6Pv1uMQbUc_0XZxT8eBlmPX4Q7pI-48Il3FaA9Dn6gbcuVsF3Dxt-fk4_lpW75mm7eXdbnaZA2AjJlyBbK6zlumNDjIRSEdCAtKOjSoQRYgXKul5lgrYVorE6-MaNPwvLZiTpanv40fQ_Doqskfeuu_Ks6qH_nqV776l0-Fu1PhGOLozzQYJkHlufgGgCxVgA</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype></control><display><type>article</type><title>The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom and Bust</title><source>Jstor Complete Legacy</source><source>American Economic Association</source><source>EBSCOhost Business Source Complete</source><creator>Johnson, Rucker C.</creator><creatorcontrib>Johnson, Rucker C.</creatorcontrib><description>This study provides new evidence on the impact of parental wealth on college degree attainment. Using geocoded data from the Panel Study of Income Dynamics (1968–2017) linked to local housing price data from the Federal Housing Finance Agency, the empirical strategy analyzes parental housing wealth changes induced by local housing booms of the late 1990s–early 2000s and the subsequent housing bust of the 2007–2009 period. 2SLS/IV estimates show parental wealth significantly increases the likelihood of earning a four-year college degree. Moreover, the combined effects of parental income and wealth are significantly greater than the effects of income alone.</description><identifier>ISSN: 2574-0768</identifier><identifier>EISSN: 2574-0776</identifier><identifier>DOI: 10.1257/pandp.20201110</identifier><language>eng</language><publisher>American Economic Association</publisher><subject>WEALTH AND EDUCATION</subject><ispartof>AEA papers and proceedings, 2020-05, Vol.110, p.405-410</ispartof><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c224t-5f9e0bb8d0562f28394f23a254fe7e624923fd6461eb537da49e0573d57318ba3</citedby><cites>FETCH-LOGICAL-c224t-5f9e0bb8d0562f28394f23a254fe7e624923fd6461eb537da49e0573d57318ba3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/27042588$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/27042588$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,776,780,799,3735,27901,27902,57992,58225</link.rule.ids></links><search><creatorcontrib>Johnson, Rucker C.</creatorcontrib><title>The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom and Bust</title><title>AEA papers and proceedings</title><description>This study provides new evidence on the impact of parental wealth on college degree attainment. Using geocoded data from the Panel Study of Income Dynamics (1968–2017) linked to local housing price data from the Federal Housing Finance Agency, the empirical strategy analyzes parental housing wealth changes induced by local housing booms of the late 1990s–early 2000s and the subsequent housing bust of the 2007–2009 period. 2SLS/IV estimates show parental wealth significantly increases the likelihood of earning a four-year college degree. Moreover, the combined effects of parental income and wealth are significantly greater than the effects of income alone.</description><subject>WEALTH AND EDUCATION</subject><issn>2574-0768</issn><issn>2574-0776</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2020</creationdate><recordtype>article</recordtype><recordid>eNo9j8tKAzEUhoMoWGq37oS8wNTk5Dbjroy3QkEXFZdDZuakF-ZGko1vb7TaxeEcfr7_wEfILWdLDsrcT3ZopyUwYJxzdkFmKZQZM0Zfnm-dX5NFCEfGEiYKrWFGHrZ7pOt-sk2ko6Pv1uMQbUc_0XZxT8eBlmPX4Q7pI-48Il3FaA9Dn6gbcuVsF3Dxt-fk4_lpW75mm7eXdbnaZA2AjJlyBbK6zlumNDjIRSEdCAtKOjSoQRYgXKul5lgrYVorE6-MaNPwvLZiTpanv40fQ_Doqskfeuu_Ks6qH_nqV776l0-Fu1PhGOLozzQYJkHlufgGgCxVgA</recordid><startdate>20200501</startdate><enddate>20200501</enddate><creator>Johnson, Rucker C.</creator><general>American Economic Association</general><scope>AAYXX</scope><scope>CITATION</scope></search><sort><creationdate>20200501</creationdate><title>The Impact of Parental Wealth on College Degree Attainment</title><author>Johnson, Rucker C.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c224t-5f9e0bb8d0562f28394f23a254fe7e624923fd6461eb537da49e0573d57318ba3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2020</creationdate><topic>WEALTH AND EDUCATION</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Johnson, Rucker C.</creatorcontrib><collection>CrossRef</collection><jtitle>AEA papers and proceedings</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Johnson, Rucker C.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom and Bust</atitle><jtitle>AEA papers and proceedings</jtitle><date>2020-05-01</date><risdate>2020</risdate><volume>110</volume><spage>405</spage><epage>410</epage><pages>405-410</pages><issn>2574-0768</issn><eissn>2574-0776</eissn><abstract>This study provides new evidence on the impact of parental wealth on college degree attainment. Using geocoded data from the Panel Study of Income Dynamics (1968–2017) linked to local housing price data from the Federal Housing Finance Agency, the empirical strategy analyzes parental housing wealth changes induced by local housing booms of the late 1990s–early 2000s and the subsequent housing bust of the 2007–2009 period. 2SLS/IV estimates show parental wealth significantly increases the likelihood of earning a four-year college degree. Moreover, the combined effects of parental income and wealth are significantly greater than the effects of income alone.</abstract><pub>American Economic Association</pub><doi>10.1257/pandp.20201110</doi><tpages>6</tpages></addata></record>
fulltext fulltext
identifier ISSN: 2574-0768
ispartof AEA papers and proceedings, 2020-05, Vol.110, p.405-410
issn 2574-0768
2574-0776
language eng
recordid cdi_crossref_primary_10_1257_pandp_20201110
source Jstor Complete Legacy; American Economic Association; EBSCOhost Business Source Complete
subjects WEALTH AND EDUCATION
title The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom and Bust
url https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-07T04%3A41%3A42IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-jstor_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=The%20Impact%20of%20Parental%20Wealth%20on%20College%20Degree%20Attainment:%20Evidence%20from%20the%20Housing%20Boom%20and%20Bust&rft.jtitle=AEA%20papers%20and%20proceedings&rft.au=Johnson,%20Rucker%20C.&rft.date=2020-05-01&rft.volume=110&rft.spage=405&rft.epage=410&rft.pages=405-410&rft.issn=2574-0768&rft.eissn=2574-0776&rft_id=info:doi/10.1257/pandp.20201110&rft_dat=%3Cjstor_cross%3E27042588%3C/jstor_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_id=info:pmid/&rft_jstor_id=27042588&rfr_iscdi=true