Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/55592 
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dc.contributor.authorCooper, Danielen
dc.contributor.authorLuengo-Prado, María Joséen
dc.date.accessioned2011-07-12-
dc.date.accessioned2012-02-23T08:01:09Z-
dc.date.available2012-02-23T08:01:09Z-
dc.date.issued2011-
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
dc.language.isoengen
dc.publisher|aFederal Reserve Bank of Boston |cBoston, MAen
dc.relation.ispartofseries|aWorking Papers |x11-6en
dc.subject.jelE21en
dc.subject.jelI22en
dc.subject.jelI24en
dc.subject.ddc330en
dc.subject.keywordintergenerational mobilityen
dc.subject.keywordhouse pricesen
dc.subject.keywordeducational attainmenten
dc.subject.stwImmobilienpreisen
dc.subject.stwBildungsinvestitionen
dc.subject.stwBildungsertragen
dc.subject.stwSoziale Mobilitäten
dc.subject.stwUSAen
dc.titleHouse price growth when kids are teenagers: a path to higher intergenerational achievement?-
dc.typeWorking Paperen
dc.identifier.ppn664022049en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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