Housing policy and the social benefits of home ownership
AbstractIn the second article, "Housing Policy and the Social Benefits of Homeownership," Ed Coulson states that the major subsidies to homeownership arise from the U.S. tax code, and the costs of these subsidies are high. Coulson asks whether the social benefits from homeownership are sufficient to warrant such subsidies. To answer the question, he reviews the research on the social benefits of ownership and some related issues. The evidence indicates that homeownership does carry substantial social benefits, but their dollar value remains uncertain.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Philadelphia in its journal Business Review.
Volume (Year): (2002)
Issue (Month): Q2 ()
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- Kate Sabatini & Christian E. Weller, 2007. "Changes in Homeowners’ Financial Security during the Recent Housing and Mortgage Boom," Working Papers wp125, Political Economy Research Institute, University of Massachusetts at Amherst.
- Coulson, N. Edward & Grieco, Paul L.E., 2013. "Mobility and mortgages: Evidence from the PSID," Regional Science and Urban Economics, Elsevier, vol. 43(1), pages 1-7.
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