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Data and Code for: "The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom & Bust"

Version
V0
Resource Type
Dataset
Creator
  • Johnson, Rucker (UC-Berkeley Goldman School of Public Policy)
Publication Date
2020-11-18
Free Keywords
parental wealth
Description
  • 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.
Geographic Coverage
  • US nationally-representative
Availability
Download
This study is freely available to the general public via web download.
Relations
  • Has version
    DOI: 10.3886/E126861V1
Publications
  • Johnson, Rucker C. “The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom and Bust.” AEA Papers and Proceedings 110 (May 2020): 405–10. https://doi.org/10.1257/pandp.20201110.
    • ID: 10.1257/pandp.20201110 (DOI)

Update Metadata: 2020-11-18 | Issue Number: 1 | Registration Date: 2020-11-18

Johnson, Rucker (2020): Data and Code for: "The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom & Bust". Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E126861