Data and Code for: "The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom & Bust"
Principal Investigator(s): View help for Principal Investigator(s) Rucker Johnson, UC-Berkeley Goldman School of Public Policy
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| AERP&P2020_ReplicationFiles_Johnson | 11/18/2020 03:46:AM |
Project Citation:
Johnson, Rucker. Data and Code for: “The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom & Bust.” Nashville, TN: American Economic Association [publisher], 2020. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2020-11-18. https://doi.org/10.3886/E126861V1
Project Description
Summary:
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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.
Scope of Project
Subject Terms:
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parental wealth
JEL Classification:
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I24 Education and Inequality
I24 Education and Inequality
Geographic Coverage:
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US nationally-representative
Methodology
Unit(s) of Observation:
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Individual
Related Publications
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