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Rooms of One’s Own: Gender, Race and Home Ownership as Wealth Accumulation in the United States

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  • Sedo, Stanley A.

    ()
    (University of Michigan)

  • Kossoudji, Sherrie

    ()
    (University of Michigan)

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    Abstract

    Do income disparities between men and women translate into longer term wealth disparities? We use the Survey of Income and Program Participation (SIPP) to investigate gender and race disparities in home ownership, value, and equity. These investigations reveal that the gap in housing outcomes is much more pronounced for the probability of home ownership than for home value or home equity. Once households have entered the housing market, differences across gender, race and family type are much smaller and sometimes turn in favor of households that are usually considered to be disadvantaged. Family type is associated with differences that are larger than those based solely on gender and are as large as those associated solely with race. The predicted probability of home ownership ranges from 0.83 for male householders in married couple households to 0.49 for male householders in non-family households. African Americans are consistently predicted to have lower home value, but less consistently predicted to have less equity than whites. We find that race gaps in homeownership, typically attributed to differences in family type (such as prevalence of female headed households in the African American population), are significantly and sizably present within gendered family types.

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    Bibliographic Info

    Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1397.

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    Length: 41 pages
    Date of creation: Nov 2004
    Date of revision:
    Handle: RePEc:iza:izadps:dp1397

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    Keywords: housing; wealth; gender; race;

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    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Munnell, Alicia H. & Geoffrey M. B. Tootell & Lynn E. Browne & James McEneaney, 1996. "Mortgage Lending in Boston: Interpreting HMDA Data," American Economic Review, American Economic Association, American Economic Association, vol. 86(1), pages 25-53, March.
    2. Ioannides, Yannis M & Rosenthal, Stuart S, 1994. "Estimating the Consumption and Investment Demands for Housing and Their Effect on Housing Tenure Status," The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 127-41, February.
    3. William J. Collins & Robert A. Margo, 2001. "Race and Home Ownership in Twentieth Century America: The Role of Sample Composition," Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics 0110, Vanderbilt University Department of Economics.
    4. Gyourko, Joseph & Linneman, Peter, 1996. "Analysis of the Changing Influences on Traditional Households' Ownership Patterns," Journal of Urban Economics, Elsevier, vol. 39(3), pages 318-341, May.
    5. Martha MacDonald, 1995. "Feminist Economics: From Theory to Research," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 28(1), pages 159-76, February.
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    Cited by:
    1. Sierminska, Eva M. & Frick, Joachim R. & Grabka, Markus M., 2010. "Examining the gender wealth gap," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 669-690.
    2. Daniele Vignoli & Maria Letizia Tanturri & Francesco Acciai, 2014. "Home Bitter Home? Gender, Living Arrangements, and the Exclusion from Home-Ownership among Older Europeans," Econometrics Working Papers Archive, Universita' degli Studi di Firenze, Dipartimento di Statistica, Informatica, Applicazioni "G. Parenti" 2014_05, Universita' degli Studi di Firenze, Dipartimento di Statistica, Informatica, Applicazioni "G. Parenti".

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