Frahan, Lancelot Henry de; Sakong, Jung - 2024
We estimate intergenerational elasticities (IGE) of housing consumption and income in the US. Using surnames to link … 1940 and 2015, we estimate a one-generation housing-consumption IGE of 0.73, higher than that of income at 0.52. Housing … consumption IGE is higher for White compared to Black Americans and higher in the Northeast, patterns that contrast with income …