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and homeownership. The cost of shelter is an important determinant of whether youth live independently (apart from parents … and other nonrelated adults), and the cost of homeownership relative to renting is important to the tenure decision … lowered the homeownership rate among young households by 23 percent, which is equivalent to slowing the time to first …
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homeownership. The factors related to this increase are marriage, increased labor supply by married women, and gifts …
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This paper describes the real wealth accumulation of American youth and relates this behavior to variations in real constant-quality house prices in their localities of residence. We argue that increases in the real constant-quality house price have two offsetting effects on wealth. First, the...
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Oswald hypothesizes that regions and countries with high homeownership rates will experience higher natural rates of … unemployment and that rising homeownership in OECD countries since the 1960s provides a key explanation for the rise in the natural … have significantly slower exits from unemployment. Overall, homeownership does not increase unemployment. Finally, in line …
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