{"id":10386,"date":"2017-07-18T14:43:21","date_gmt":"2017-07-18T19:43:21","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=10386"},"modified":"2017-07-18T14:43:21","modified_gmt":"2017-07-18T19:43:21","slug":"unintended-consequences-ctd-2","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2017\/07\/18\/unintended-consequences-ctd-2\/","title":{"rendered":"Unintended Consequences, Ctd"},"content":{"rendered":"

On this dormant thread <\/a>we discussed how the lack of investment by States in State institutions might ultimately lead to a decline in ownership of cars. Kevin Drum analyzes<\/a> a recent report linking the rise in tuition rates to declines in youthful home ownership<\/em>:<\/p>\n

As tuition and student debt go up, homeownership rates go down. The authors say that a $1,000 increase in college tuition and fees leads to a 0.24 percentage point decline in the homeownership rate for college students later in life (ages 28 to 30). Thus, the $3,578 increase in tuition from 2001 to 2009 is responsible for a decline of about 0.84 percentage points in homeownership rates among college students from 2009 to 2015. That\u2019s about a tenth of the total decline.<\/p>\n

A different analysis suggests the effect may be even bigger: 0.48 percentage points for each $1,000 increase in college tuition. That comes to 2.74 percentage points, which is about a third of the total decline in homeownership rates.<\/p>\n

In other words, tuition increases can explain somewhere between a tenth and a third of the decline in homeownership among those with some college education.<\/p><\/blockquote>\n

So if your favorite metric for success is home ownership, then perhaps pushing down tuition rates should be on your agenda.<\/p>\n

That brings up a topic I’d like to explore someday – the selection of metrics to measure the success of society. Does life expectancy really make sense? Do abortion rates really matter? Does infant mortality measure the callousness of society – or a society that makes every effort to save every life, even those that are unsaveable? There is often a nuanced backstory to these metrics, the same metrics that are often used like clubs to beat up competitors, be they other societies or other systems.<\/p>\n","protected":false},"excerpt":{"rendered":"

On this dormant thread we discussed how the lack of investment by States in State institutions might ultimately lead to a decline in ownership of cars. Kevin Drum analyzes a recent report linking the rise in tuition rates to declines in youthful home ownership: As tuition and student debt go \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10386","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/10386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=10386"}],"version-history":[{"count":1,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/10386\/revisions"}],"predecessor-version":[{"id":10387,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/10386\/revisions\/10387"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=10386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=10386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=10386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}