Housing Wealth and Higher Education
Building a Foundation for Economic Mobility
- Economic Mobility Project
- December 1, 2011
Report author Michael Lovenheim, assistant professor at Cornell University, developed a model using data from the 2001-2005 housing boom. The model showed that low- and middle-income students whose families experienced increases in housing wealth just before reaching college age were more likely to attend college, more likely to attend higher-quality universities, and more likely to graduate.
The report suggested that higher education decisions are highly sensitive to fluctuations in family resources.