Most tenure choice models using cross sectional data have used either a sample ofrecent movers or a sample comprising all households. There are problems withestimating both types of models in cross sectional data. A sample of recent movers oversamples renters, and a sample of all households will...

One of the chief concerns that US policy-makers have discussed in the recent welfarereform legislation is that individual states will engage in a "race to the bottom". In order to avoidoffering relatively generous welfare packages that would attract recipients, states would cutbenefits. While...

Understanding the housing choices of the older households will grow in importance as the baby boom generation starts to retire. This proposed analysis utilizes a rich longitudinal data set (PSID) to provide insight into the reasons that older households leave homeownership to become renters....

Research has documented that immigrants have moved in large numbers to almost every metropolitan area and select rural areas in the country (e.g., Lichter and Johnson 2009; Painter and Yu 2010). In the midst of these demographic shifts, the country has experienced a profound recession. To date,...

Traditional assimilation theory suggests immigrant adaptation into society as a function of catching up to the status of the host society. Recent Chinese immigrants, rather than climbing socioeconomic ladders over time, may have achieved a socioeconomic status comparable to that of native-born...

Recent studies have documented substantially depressed levels of homeownership among African-American households. While prior analyses have focused largely on racial disparities in household financial characteristics, few studies have assessed the potential role of location choice and locational...

We find that children of homeowners have better outcomes than children of renters whether their parents make a large or small initial investment in their home, as long as they make a minimal down payment when they buy their homes. Children with parents who made no down payment have similar...

The recent trend of immigrants arriving in mid-size metropolitan areas has received growing attention in the literature. This study examines the success of immigrants in the housing markets of a sample 60 metropolitan areas using Census microdata in both 2000 and 2005. The results suggest that...

Changes in the Internal Revenue Code create and remove tax-induced trading constraints on homeowners. The Taxpayer Relief Act of 1997 replaced a one-time, post- age 55 capital gain exclusion with a larger gain exclusion option that could be exercised every two years. We develop a simple...

Youths who share a school and neighborhood often have similar academic achievement, but some studies find all or most of this apparent effect is due to sorting, not to the neighborhood itself. We present a collage of evidence from the National Educational Longitudinal Survey (NELS) indicating...