@TechReport{iza:izadps:dp10941, author={Stratton, Leslie S.}, title={Housing Prices, Unemployment Rates, Disadvantage, and Progress toward a Degree}, year={2017}, month={Aug}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={10941}, url={https://www.iza.org/publications/dp10941}, abstract={Rising unemployment and housing price appreciation are associated with increased college enrollment. Enrollment does not, however, guarantee completion. We use a discrete time, competing hazard function that accommodates individual-specific heterogeneity to assess the impact changing unemployment and housing prices have on progress toward a college degree in the United States for students interviewed for the 1996-2001 Beginning Post-Secondary Survey. The results indicate that rising unemployment rates have at best a modest effect on six year graduation rates. Both boys and girls are, however, more likely to not be enrolled and less likely to have graduated at the six-year mark when housing prices appreciate, and this effect is more pronounced for more disadvantaged youth.}, keywords={higher education;graduation;housing prices;unemployment;disadvantage}, }