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The Effects of Increasing Enrollment on Student Housing Choices and Welfare

Author

Listed:
  • Anna Carroll
  • Dennis Guignet
  • O. Ashton Morgan

Abstract

: Many universities strive to increase enrollment but this can put a strain on local housing markets, for both students and local residents. This study implements a stated preference discrete choice experiment to investigate how students trade off different housing features in the face of increasing rent due to higher demand, and ultimately estimates the resulting welfare effects on students. Random utility models are estimated, and suggest that when faced with increasing rent, most students prefer to move to cheaper housing that is farther away from campus, while some will decide to leave the university altogether. Results indicate, for example, that rent increases of $100 per month will lead to a 7.8 percentage point increase in students who move to an apartment that is farther from campus, and result in a 0.6-1.3 percentage point increase in students who would leave the university. By shedding light on the housing decisions of students, this study helps inform local governments and university officials trying to establish affordable housing options and sustainable student population growth. Key Words: : discrete choice experiment, housing choice, student housing, student welfare

Suggested Citation

  • Anna Carroll & Dennis Guignet & O. Ashton Morgan, 2024. "The Effects of Increasing Enrollment on Student Housing Choices and Welfare," Working Papers 24-21, Department of Economics, Appalachian State University.
    • Handle: RePEc:apl:wpaper:24-21
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    File URL: http://econ.appstate.edu/RePEc/pdf/wp2421.pdf
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    References listed on IDEAS

    as
    1. Hossain, Sanjana & Loa, Patrick & Ong, Felita & Habib, Khandker Nurul, 2022. "The determinants of commute mode usage frequency of post-secondary students in the Greater Toronto and Hamilton Area," Transportation Research Part A: Policy and Practice, Elsevier, vol. 166(C), pages 164-185.
    2. Henry J. Munneke & C.F. Sirmans & Barrett A. Slade & Geoffrey K. Turnbull, 2014. "Housing Regulation, Externalities and Residential Property Prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 42(2), pages 422-456, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    : discrete choice experiment; housing choice; student housing; student welfare;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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