Housing Booms and Busts, Labor Market Opportunities, and College Attendance
研究了2000年代住房市场繁荣与萧条如何影响大学入学率，发现繁荣期降低了两年制大学入学，萧条期部分逆转，但特定群体的教育成就持续偏低。
We study how the recent housing boom and bust affected college enrollment during the 2000s. We exploit cross-city variation in local housing booms, which improved labor market opportunities for young men and women. We find that the boom lowered college enrollment, with effects concentrated at two-year colleges. The decline in enrollment during the boom was generally reversed during the bust; however, attainment remains persistently low for particular cohorts, suggesting that reduced educational attainment is an enduring effect of the recent housing cycle. The housing boom can account for approximately 25 percent of the recent slowdown in college attainment.