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Been, Vicki [Verfasser:in]; Ellen, Ingrid Gould [Verfasser:in]; Figlio, David N. [Verfasser:in]; Nelson, Ashlyn Aiko [Verfasser:in]; Ross, Stephen L. [Verfasser:in]; Schwartz, Amy Ellen [Verfasser:in]; Stiefel, Leanna [Verfasser:in] ; National Bureau of Economic Research

The Effects of Negative Equity on Children's Educational Outcomes

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  • Medientyp: E-Book
  • Titel: The Effects of Negative Equity on Children's Educational Outcomes
  • Beteiligte: Been, Vicki [Verfasser:in]; Ellen, Ingrid Gould [Verfasser:in]; Figlio, David N. [Verfasser:in]; Nelson, Ashlyn Aiko [Verfasser:in]; Ross, Stephen L. [Verfasser:in]; Schwartz, Amy Ellen [Verfasser:in]; Stiefel, Leanna [Verfasser:in]
  • Körperschaft: National Bureau of Economic Research
  • Erschienen: Cambridge, Mass: National Bureau of Economic Research, 2021
  • Erschienen in: NBER working paper series ; no. w28428
  • Umfang: 1 Online-Ressource; illustrations (black and white)
  • Sprache: Englisch
  • DOI: 10.3386/w28428
  • Identifikator:
  • Schlagwörter: Schüler ; Bildungschancen ; Bildungsertrag ; Bildungsverhalten ; Florida ; USA ; Arbeitspapier ; Graue Literatur
  • Reproduktionsnotiz: Hardcopy version available to institutional subscribers
  • Entstehung:
  • Anmerkungen: System requirements: Adobe [Acrobat] Reader required for PDF files
    Mode of access: World Wide Web
  • Beschreibung: This study examines the effects of negative equity on children's academic performance, using data on children attending Florida public schools and housing transactions from the State of Florida. Our empirical strategy exploits variation over time in the timing of family moves to Florida in order to account for household sorting into neighborhoods and schools and selection into initial mortgage terms. In contrast to the existing literature on foreclosure and children's outcomes, we find that Florida students with the highest risk of negative equity exhibit significantly higher test score growth. These effects are largest among Black students and students who qualify for free or reduced-priced lunch. We find evidence supporting two underlying mechanisms: (1) consumption patterns suggest that families in negative equity may reduce the impact of income losses on consumption by forgoing mortgage payments, and (2) mobility patterns suggest that families exposed to high levels of negative equity may move to schools that are of higher quality on average. While negative equity and foreclosure are undesirable, the changing incentives in terms of mortgage delinquency may have helped families manage the economic shocks caused by the great recession, as well as temporarily reduced the housing market barriers faced by low income households when attempting to access educational opportunities
  • Zugangsstatus: Freier Zugang