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  1. The Impact of Family Homeownership on Children's Educational Attainment and Earnings During Early Adulthood, Working Paper 004 [Download]

    Title: The Impact of Family Homeownership on Children's Educational Attainment and Earnings During Early Adulthood, Working Paper 004
    Author: Galster, George
    Description: Previous studies attempting to estimate the relative importance of family, neighborhood, residential stability, wealth, and homeownership status characteristics of childhood environments on young adult outcomes have: (1) treated these variables as though they were independent, and (2) employed inadequate methods to control for household selection effects. Our study offers advancements in both areas. First, it treats the key explanatory variables above as endogenously determined (sometimes simultaneously so). Second, to deal both with this endogeneity and the selection problem, we compute instrumental estimates for childhood average values of endogenous explanatory variables and use them to estimate relationships with young adult educational and labor market attainments. We analyze data from the Panel Study of Income Dynamics (PSID) that are geocoded to Census tract data. Using this panel data set, we follow children born between 1968 and 1974 and observe their adult outcomes as of 1999 when they are between 25 and 31 years of age. We are thus able to document a wide range of background and circumstantial characteristics for the first 18 years of children’s lives. We find via OLS that, compared to children who never experience a home owned by parents, those who spend half of their first 18 years in home(s) owned by their parents (which corresponds to the average experience in our sample) would be predicted to have, all else equal, a 17.3 percentage point (19 percent of the mean) - higher high school completion rate. Our preliminary instrumental variable explorations suggest that these relationships may actually be even stronger.
    Keywords: Public policy
    Date Uploaded: 09/18/2015
  2. Racing up to the Bottom: Work and Welfare in the US, Working Paper 001 [Download]

    Title: Racing up to the Bottom: Work and Welfare in the US, Working Paper 001
    Author: Stoker, Robert P.
    Description: This paper describes the work support system, estimates the income provided by work support programs in the fifty American states and the District of Columbia (D.C.), and comments about the potential and limitations of the system as a means to alleviate poverty among poor workers. The income provided by work support programs varies from place to place and according to family structure and work patterns. Of course, the extent of participation in work support programs is also a crucial consideration. Total income provided by the system is estimated as the sum of earned income for full time, minimum wage work and the estimated value of benefits provided by work support programs for a family of three with two children.
    Keywords: Public policy
    Date Uploaded: 09/17/2015