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Single and Investing: Homeownership Trends among the Never Married

Author

Listed:
  • Mundra, Kusum

    (Rutgers University)

  • Uwaifo Oyelere, Ruth

    (Agnes Scott College)

Abstract

In recent years, singles have begun to take on a more prominent role in reshaping America. As a group, singles are increasingly becoming influential in politics and in the determination of many macro socioeconomic outcomes. In this descriptive paper we focus on homeownership among a subset of singles, the never married. In particular we investigate potential differences in the relationship between several homeownership determinants for singles in comparison to the married. In addition, we test for heterogeneity across race and skill level in the gender gap in homeownership and the probability of homeownership before and post the recession. Our results suggest that there are some differences in the relationship between certain factors and homeownership for singles versus those who are married. In particular, we find age, gender, and number of children affect the probability of homeownership differently for singles compared to those who are married. We also find that while on average there is a higher probability of homeownership from 2007 onwards for singles, there are gender, education and racial differences. Our results also suggest significant heterogeneity across race and skill level in homeownership probabilities for singles.

Suggested Citation

  • Mundra, Kusum & Uwaifo Oyelere, Ruth, 2016. "Single and Investing: Homeownership Trends among the Never Married," IZA Discussion Papers 9935, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp9935
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    References listed on IDEAS

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    1. Gabriel, Stuart A. & Rosenthal, Stuart S., 2005. "Homeownership in the 1980s and 1990s: aggregate trends and racial gaps," Journal of Urban Economics, Elsevier, vol. 57(1), pages 101-127, January.
    2. Sedo, Stanley A. & Kossoudji, Sherrie, 2004. "Rooms of One’s Own: Gender, Race and Home Ownership as Wealth Accumulation in the United States," IZA Discussion Papers 1397, Institute of Labor Economics (IZA).
    3. Borjas, George J., 2002. "Homeownership in the immigrant population," Journal of Urban Economics, Elsevier, vol. 52(3), pages 448-476, November.
    4. Mundra, Kusum & Uwaifo Oyelere, Ruth, 2013. "Determinants of Immigrant Homeownership: Examining their Changing Role during the Great Recession and Beyond," IZA Discussion Papers 7468, Institute of Labor Economics (IZA).
    5. Painter, Gary & Gabriel, Stuart & Myers, Dowell, 2001. "Race, Immigrant Status, and Housing Tenure Choice," Journal of Urban Economics, Elsevier, vol. 49(1), pages 150-167, January.
    6. Nestor Gandelman, 2008. "Female-Headed Households and Homeownership in Latin America," Research Department Publications 3252, Inter-American Development Bank, Research Department.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    homeownership; single; ethnicity; gender; race; recession;
    All these keywords.

    JEL classification:

    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • D10 - Microeconomics - - Household Behavior - - - General

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