Home owners' estimates of the current market value of their housing have been used extensively in applied economic research (e.g. the measurement of imputed net rental income and the distribution of wealth). While the accuracy of owner-estimates is an issue of some importance for applied...

Cash income is widely recognized as a deficient measure of economic well-being, as it takes no account of the contribution of in-kind benefits and net worth to consumption potential. Housing equity is a particularly important component of net worth. Comprehensive income measures incorporate...

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 rate of unemployment over the same time period....