Housing Wealth, Credit Availability, and College Enrollment

33 Pages Posted: 14 Sep 2014 Last revised: 5 Nov 2015

See all articles by Meagan McCollum

Meagan McCollum

University of Tulsa - Collins College of Business

Gregory Upton

Louisiana State University, Baton Rouge

Date Written: October 26, 2015

Abstract

Household wealth and liquidity are key factors in individuals' college enrollment choices. Therefore we investigate the impact of housing wealth, credit availability and financial distress on college enrollment decisions. We find that housing wealth is negatively related to enrollment in public schools and positively related to enrollment in private schools. Thus, this evidence suggests that students choose to substitute away from private schools towards public institutions as housing wealth declines. This is in line with the fact that the cost of attendance is, on average, much lower for public schools than private schools.

Keywords: college enrollment, housing wealth, demand of schooling

JEL Classification: I21, I24, R10, R210

Suggested Citation

McCollum, Meagan and Upton, Gregory, Housing Wealth, Credit Availability, and College Enrollment (October 26, 2015). Available at SSRN: https://ssrn.com/abstract=2495449 or http://dx.doi.org/10.2139/ssrn.2495449

Meagan McCollum (Contact Author)

University of Tulsa - Collins College of Business ( email )

600 South College
Tulsa, OK 74104
United States

Gregory Upton

Louisiana State University, Baton Rouge ( email )

Baton Rouge, LA 70803
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
24
Abstract Views
589
PlumX Metrics