May 2, 2024 10:42 am
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The correlation between college enrollment and housing boom

Students attend their graduation ceremony at the Hamburg School of Business Administration (HSBA) in Hamburg, October 1, 2014. REUTERS/Fabian Bimmer (GERMANY - Tags: BUSINESS EDUCATION SOCIETY) - RTR48JNH

By Gillian B. White | The Atlantic

Education is often prescribed as the antidote for a host of job issues: low wages, unemployment, and career stagnation. So it’s no surprise that when the housing market burst and the economy started to fall apart, more Americans turned to college to help them weather the storm. That’s not just a broad trend. There’s actually a correlation specifically between the performance of the housing market and college attendance for some groups. Why is that?

A new paper from the National Bureau of Economic Research investigates.

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