This article uses short-run housing wealth changes to identify the effect of housing wealth on college attendance. I find that households used their housing wealth to finance postsecondary enrollment in the 2000s when housing wealth was most liquid; each $10,000 in home equity raises college enrollment by 0.7 of a percentage point on average. The effect is localized to lower-resource families, for whom a $10,000 increase in housing wealth increases enrollment by 5.7 percentage points. These estimates imply that the recent housing bust could significantly negatively affect college enrollment through reduction in the housing wealth of families with college-age children.

Using a unique data set on teachers’ union election certifications from Iowa, Indiana, and Minnesota, I estimate the effect of teachers’ unions on school district resources and on student educational attainment. My empirical strategy allows for nonparametric leads and lags of union age. I find no impact on teacher pay or per student district expenditures but that unions increase teacher employment by 5%. I find no class size effect because of enrollment increases in unionized districts, and I estimate that unions have no net effect on high school dropout rates. These findings highlight the importance of correctly measuring unionization status.

We present the first analysis of the effect of grade retention on adult criminal convictions, exploiting test cutoffs for ninth-grade promotion in Louisiana. Eighth-grade retention increases the likelihood of violent crime conviction by 1.05 percentage points (58.44%) and increases the number of violent crime convictions at first conviction. The effects are likely driven by declines in high school peer quality and reduced educational investments that result in lower noncognitive skill acquisition. Extrapolating effects away from the cutoff shows that our results are generalizable to a larger group of low-performing students and are evident for both property and drug crimes.