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

被引：4
|
作者：
You, Jing [1 ,2 ]
Ding, Xinxin [3 ]
Nino-Zarazua, Miguel [4 ,5 ]
Wang, Sangui [1 ,2 ]
机构：
[1] Renmin Univ China, Sch Agr Econ & Rural Dev, 59 Zhongguancun St, Beijing 100872, Peoples R China
[2] Renmin Univ China, China Antipoverty Res Inst, Beijing, Peoples R China
[3] Peking Univ, Inst New Struct Econ, Beijing, Peoples R China
[4] United Nations Univ, World Inst Dev Econ Res UNU WIDER, Helsinki, Finland
[5] Univ London, Dept Econ, SOAS, London, England
来源：
JOURNAL OF HOUSING ECONOMICS | 2021年 / 54卷
关键词：
Intergenerational correlation coefficient; Education; House price; Quantile regression; Decomposition; EARNINGS MOBILITY; INCOME MOBILITY; UNITED-STATES; WEALTH; TRANSMISSION; GENERATIONS; INEQUALITY; QUALITY; FAMILY; POLICY;
D O I：
10.1016/j.jhe.2021.101788
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
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页数：18
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