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A Note on the Benefits of Homeownership

  • Aaronson, Daniel

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.)

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Article provided by Elsevier in its journal Journal of Urban Economics.

Volume (Year): 47 (2000)
Issue (Month): 3 (May)
Pages: 356-369

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Handle: RePEc:eee:juecon:v:47:y:2000:i:3:p:356-369
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622905

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  1. Barbara Wolfe & Robert Haveman & Donna Genther & Chong-Bum An, 1992. "The "Window Problem" in Studies of Children's Attainments: A Methodological Exploration," NBER Technical Working Papers 0125, National Bureau of Economic Research, Inc.
  2. Denise DiPasquale & Edward L. Glaeser, 1998. "Incentives and Social Capital: Are Homeowners Better Citizens?," NBER Working Papers 6363, National Bureau of Economic Research, Inc.
  3. Robert Haveman & Barbara Wolfe & James Spaulding, 1991. "Childhood events and circumstances influencing high school completion," Demography, Springer, vol. 28(1), pages 133-157, February.
  4. Oswald Andrew J., 1996. "A Conjecture on the Explanation for High Unemployment in the Industrialized Nations : Part I," The Warwick Economics Research Paper Series (TWERPS) 475, University of Warwick, Department of Economics.
  5. Janet Currie & Aaron Yelowitz, 1997. "Are Public Housing Projects Good for Kids?," NBER Working Papers 6305, National Bureau of Economic Research, Inc.
  6. Douglas Staiger & James H. Stock, 1997. "Instrumental Variables Regression with Weak Instruments," Econometrica, Econometric Society, vol. 65(3), pages 557-586, May.
  7. Epple, Dennis & Romer, Thomas, 1991. "Mobility and Redistribution," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 828-58, August.
  8. Rivers, Douglas & Vuong, Quang H., 1988. "Limited information estimators and exogeneity tests for simultaneous probit models," Journal of Econometrics, Elsevier, vol. 39(3), pages 347-366, November.
  9. Richard K. Green & Michelle J. White, 1994. "Measuring the Benefits of Homeowning: Effects on Children," Wisconsin-Madison CULER working papers 94-05, University of Wisconsin Center for Urban Land Economic Research.
  10. Nan Astone & Sara McLanahan, 1994. "Family structure, residential mobility, and school dropout: A research note," Demography, Springer, vol. 31(4), pages 575-584, November.
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