Public Education and Intergenerational Housing Wealth Effects

We thank Victoria Gregory, Matthijs Korevaar, Julian Kozlowski, Oksana Leukhina, Suresh Naidu, B. Ravikumar, Hannah Rubinton, Thomas Sargent, Diego Daruich, Luiz Brotherhood, Kyle Herkenhoff, and seminar participants at the NBER Summer Institute, the Society for Economic Dynamics meetings, the BSE Summer Forum, the Opportunity & Inclusive Growth Institute, the Mid-West Macroeconomics Conference, the North American Meeting of the Urban Economics Association, the Society for Nonlinear Dynamics Symposium for Young Researchers, the Canadian Labour Economic Forum, the Virtual Australian Macroeconomics Seminar Workshop, the New Zealand Association of Economists meetings, the Federal Reserve of St. Louis, the University of Houston, Texas A&M University, Tokyo University, Hitotsubashi University, Melbourne University, Australian National University, and the University of Queensland. Angela Zheng thanks the Social Sciences and Humanities Research Council of Canada for funding this project through an Insight Development Grant. Data provided by Zillow through the Zillow Transaction and Assessment Dataset (ZTRAX). More information on accessing the data can be found at http://www.zillow.com/ztrax. The results and opinions are those of the authors and do not reflect the position of Zillow Group. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• June 6, 2023