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- Title
Housing Booms and Busts, Labor Market Opportunities, and College Attendance.
- Authors
Charles, Kerwin Kofi; Hurst, Erik; Notowidigdo, Matthew J.
- Abstract
We study how the recent housing boom and bust affected college enrollment during the 2000s. We exploit cross-city variation in local housing booms, which improved labor market opportunities for young men and women. We find that the boom lowered college enrollment, with effects concentrated at two-year colleges. The decline in enrollment during the boom was generally reversed during the bust; however, attainment remains persistently low for particular cohorts, suggesting that reduced educational attainment is an enduring effect of the recent housing cycle. The housing boom can account for approximately 25 percent of the recent slowdown in college attainment. (JEL I23, I25, J24, J31, R21, R31)
- Subjects
UNITED States; HOUSING; COLLEGE enrollment; EDUCATIONAL attainment; LABOR market; EDUCATION &; economics
- Publication
American Economic Review, 2018, Vol 108, Issue 10, p2947
- ISSN
0002-8282
- Publication type
Article
- DOI
10.1257/aer.20151604