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dc.contributor.authorCooper, Danielen_US
dc.contributor.authorLuengo-Prado, María Joséen_US
dc.date.accessioned2011-07-12en_US
dc.date.accessioned2012-02-23T08:01:09Z-
dc.date.available2012-02-23T08:01:09Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/55592-
dc.description.abstractThis paper examines whether rising house prices immediately prior to children entering their college years impacts their intergenerational earnings mobility and/or educational outcomes. Higher house prices provide homeowners, especially liquidity constrained ones, with additional funding to invest in their children's human capital. The results show that a 1 percentage point increase in house prices, when children are 17-years-old, results in roughly 0.8 percent higher annual income for the children of homeowners, and 1.2 percent lower annual income for the children of renters. Additional analysis shows that the children who benefit the most from rising house prices are those whose parents are liquidity constrained homeowners. Rising house prices also make homeowners' children more likely to graduate from college and have less noncollateralized debt when young adults. Both of these results are consistent with rising house prices enabling parents to invest more in their children.en_US
dc.language.isoengen_US
dc.publisherFederal Reserve Bank of Boston Boston, MAen_US
dc.relation.ispartofseriesWorking paper series // Federal Reserve Bank of Boston 11-6en_US
dc.subject.jelE21en_US
dc.subject.jelI22en_US
dc.subject.jelI24en_US
dc.subject.ddc330en_US
dc.subject.keywordintergenerational mobilityen_US
dc.subject.keywordhouse pricesen_US
dc.subject.keywordeducational attainmenten_US
dc.subject.stwImmobilienpreisen_US
dc.subject.stwBildungsinvestitionen_US
dc.subject.stwBildungsertragen_US
dc.subject.stwSoziale Mobilitäten_US
dc.subject.stwUSAen_US
dc.titleHouse price growth when kids are teenagers: a path to higher intergenerational achievement?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn664022049en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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