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A Note on the Benefits of Homeownership

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  • Aaronson, Daniel

Abstract

This brief note adds to recent work that attempts to identify externalities associated with homeownership. The results suggest that some of the homeownership effect found in Green and White [5] is driven by family characteristics associated with homeownership, especially residential stability. However, as much as homeownership increases residential stability, it appears to be correlated with higher school attainment. Attempts to control for endogeneity cannot eliminate this finding. ; Originally issued as WP 98-20 (June 1999)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Aaronson, Daniel, 2000. "A Note on the Benefits of Homeownership," Journal of Urban Economics, Elsevier, vol. 47(3), pages 356-369, May.
  • Handle: RePEc:eee:juecon:v:47:y:2000:i:3:p:356-369
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    5. DiPasquale, Denise & Glaeser, Edward L., 1999. "Incentives and Social Capital: Are Homeowners Better Citizens?," Journal of Urban Economics, Elsevier, vol. 45(2), pages 354-384, March.
    6. C-B. An & R. H. Haveman & B. L. Wolfe, "undated". "The "window problem" in studies of children's attainments: A methodological exploration," Institute for Research on Poverty Discussion Papers 977-92, University of Wisconsin Institute for Research on Poverty.
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    More about this item

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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