The intergenerational impact of house prices on education: evidence from China

You, Jing; Ding, Xinxin; Niño-Zarazúa, Miguel; Wang, Sangui

Abstract

We investigate heterogeneous and nonlinear intergenerational transmission of education and the impact on this of house prices. Using the China Household Finance Survey, we construct household history of property purchases and educational investment over the past 16 years with current filial educational achievement. High house prices tighten the household's credit constraints, resulting in the concave slopes of filial education as a function of father's education. On average one standard deviation in father's (mother's) education accounts for 0.375 (0.098) standard deviations of filial education. Decomposition reveals the “glass ceiling” and the “glass floor” in two tails of education distribution.

Citation

You, J., Ding, X., Niño-Zarazúa, M., & Wang, S. (2021). The intergenerational impact of house prices on education: evidence from China. Journal of Housing Economics, 54, 1-18. https://doi.org/10.1016/j.jhe.2021.101788

• Journal Article Type: Article
• Acceptance Date: Jun 27, 2021
• Online Publication Date: Jul 21, 2021
• Publication Date: Dec 1, 2021
• Deposit Date: Jun 26, 2022
• Publicly Available Date: Jun 26, 2022
• Journal: Journal of Housing Economics
• Print ISSN: 1051-1377
• Electronic ISSN: 1096-0791
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 54
• Article Number: 101788
• Pages: 1-18
• DOI: https://doi.org/10.1016/j.jhe.2021.101788
• Keywords: quantile instrumental regressions, decomposition, housing, intergenerational mobility, education
• Publisher URL: https://www.sciencedirect.com/science/article/abs/pii/S1051137721000383
• Related Public URLs: https://doi.org/10.35188/UNU-WIDER/2015/036-2