House Price Growth When Kids are Teenagers: A Path to Higher Intergenerational Achievement?

The article examines how changing house prices during the teenage years of children impact their future income through the implication of the educational achievement literature and the intergenerational mobility literature. The authors state that house price appreciation may improve the higher educational opportunities available to children in the U.S. whose families have experienced a gain in housing equity. They note that the changing house prices can also impact household decision making.