Showing 1 - 10 of 84
This paper analyzes the determinants of homeownership in immigrant households over the 1980-2000 period. The study … finds that immigrants have lower homeownership rates than natives and that the homeownership gap widened significantly … origin mix of the immigrant population, helps explain much of the homeownership gap. The evidence also indicates that the …
Persistent link: https://www.econbiz.de/10014116094
Health, wealth and where one lives are important, if not the three most important material living conditions. There are many mechanisms that suggest that living arrangements and well-being derived from health and economic status are closely related. This paper investigates the joint evolution of...
Persistent link: https://www.econbiz.de/10014075859
We introduce and quantify a new channel through which the housing market affects household spending: the home purchase channel. Using an event-study design with data from the Consumer Expenditure Survey, we show that households spend on average $3,700 more in the months before and the first year...
Persistent link: https://www.econbiz.de/10012951891
This paper documents a number of key facts about the evolution of mortgage debt, homeownership, debt burden and … over the boom period. While homeownership rates increased for the middle and upper income households, there was no increase … in homeownership for the lowest income groups. Finally, default rates post-crisis went up predominantly in areas with …
Persistent link: https://www.econbiz.de/10012954467
We provide novel estimates of the timing, magnitudes, and potential determinants of the start of the last housing boom across American neighborhoods and metropolitan areas (MSAs) using a rich new micro data set containing 23 million housing transactions in 94 metropolitan areas between 1993 and...
Persistent link: https://www.econbiz.de/10013037690
We provide new time-varying estimates of the housing wealth effect back to the 1980s. These estimates are based on a new identification strategy that exploits systematic differences in city-level exposure to regional house price cycles as an instrument for house prices. Our estimates of housing...
Persistent link: https://www.econbiz.de/10012916597
This paper analyzes the importance of household perceptions of house price risk in explaining homeownership choice …
Persistent link: https://www.econbiz.de/10012910636
centuries from the standpoint of property accumulation over the life course. Age patterns of homeownership for urban and rural … of Labor Survey, and published data from the 1890 and 1930 united States censuses, the incidence of homeownership by age …
Persistent link: https://www.econbiz.de/10013218448
We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years and a panel of U.S. states observed quarterly during the 1980s and 1990s. We impute the aggregate...
Persistent link: https://www.econbiz.de/10013220388
This paper examines homeownership and housing demand for a sample of approximately 6,800 urban, industrial workers in … indicate lower homeownership rates among American workers circa 1890 than later and significant effects on ownership of income …
Persistent link: https://www.econbiz.de/10013220430