Data and Code for: "The Impact of Parental Wealth on College Degree Attainment: Evidence from the Housing Boom & Bust"

This study provides new evidence on the impact
of parental wealth on college degree attainment. Using geocoded data from the
Panel Study of Income Dynamics (1968-2017) linked to local housing price data
from the Federal Housing Finance Agency, the empirical strategy analyzes
parental housing wealth changes induced by local housing booms of the late
1990s-early 2000s, and the subsequent housing bust of the 2007-2009 period. 2SLS/IV
estimates show parental wealth significantly increases the likelihood of
earning a four-year college degree. Moreover, the combined effects of parental
income and wealth are significantly greater than the effects of income alone.