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Marriage Market Signals and Homeownership for the Never Married

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  • Mundra, Kusum
  • Uwaifo Oyelere, Ruth

Abstract

There is a growing trend of buying homes among the single population in the U.S. This trend has been referred to as "Going Solo" and is particularly evident among women who are the focus of our study. In this paper we investigate the hypothesis that homeownership probabilities can be affected by marriage market expectations and pessimistic marriage market expectations may raise home buying probabilities among never married singles. We focus solely on the sub population called the never married single females and our results provide evidence consistent with the above hypothesis. In particular, we find that up to a certain threshold, the probability of homeownership decreases when the marriage market prospect indicator improves and there is evidence of heterogeneity in this relationship across race, education level, age group and motherhood status.

Suggested Citation

  • Mundra, Kusum & Uwaifo Oyelere, Ruth, 2018. "Marriage Market Signals and Homeownership for the Never Married," GLO Discussion Paper Series 258, Global Labor Organization (GLO).
  • Handle: RePEc:zbw:glodps:258
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    References listed on IDEAS

    as
    1. Yu Xie & James Raymo & Kimberly Goyette & Arland Thornton, 2003. "Erratum to: “Economic Potential and Entry Into Marriage and Cohabitation”," Demography, Springer;Population Association of America (PAA), vol. 40(2), pages 1-1, May.
    2. Yajin Wang & Vladas Griskevicius, 2014. "Conspicuous Consumption, Relationships, and Rivals: Women's Luxury Products as Signals to Other Women," Journal of Consumer Research, Oxford University Press, vol. 40(5), pages 834-854.
    3. Francine D. Blau & Lawrence M. Kahn & Jane Waldfogel, 2000. "Understanding Young Women's Marriage Decisions: The Role of Labor and Marriage Market Conditions," ILR Review, Cornell University, ILR School, vol. 53(4), pages 624-647, July.
    4. Hendershott, Patric H. & Ong, Rachel & Wood, Gavin A. & Flatau, Paul, 2009. "Marital history and home ownership: Evidence from Australia," Journal of Housing Economics, Elsevier, vol. 18(1), pages 13-24, March.
    5. Yu Xie & James Raymo & Kimberl Goyette & Arland Thornton, 2003. "Economic potential and entry into marriage and cohabitation," Demography, Springer;Population Association of America (PAA), vol. 40(2), pages 351-367, May.
    6. Donald R. Haurin & Stuart S. Rosenthal, 2007. "The Influence of Household Formation on Homeownership Rates Across Time and Race," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 35(4), pages 411-450, December.
    7. Wendy Janssens, 2011. "Externalities In Program Evaluation: The Impact Of A Women'S Empowerment Program On Immunization," Journal of the European Economic Association, European Economic Association, vol. 9(6), pages 1082-1113, December.
    8. Shang-Jin Wei & Xiaobo Zhang & Yin Liu, 2012. "Status Competition and Housing Prices," NBER Working Papers 18000, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Home Ownership; Never Married Singles; Marriage Market; Sex Ratios; Marriage Rates; Single Females;

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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