The homeownership rate in the United States was essentially stagnant during the 1980's. This stagnation should be a source of concern if the rate reflects stagnant economic conditions and ownership opportunities, not if it simply reflects changing demographic conditions or preferences. Using a...

We find that children of homeowners have better outcomes than children of renters whether their parents make a large or small initial investment in their home, as long as they make a minimal down payment when they buy their homes. Children with parents who made no down payment have similar...

The homeownership rate in the United States was essentially stagnant during the 1980's. This stagnation should be a source of concern if the rate reflects stagnant economic conditions and ownership opportunities, not if it simply reflects changing demographic conditions or preferences. Using a...

This study evaluates the effects of GSE mortgage purchase activity on homeownership and housingconditions among communities that are the focus of the 1992 GSE Act and the HUD affordablehousing goals. To identify GSE effects, the test framework exploits differences in the definition...

Understanding the housing choices of the older households will grow in importance as the baby boom generation starts to retire. This proposed analysis utilizes a rich longitudinal data set (PSID) to provide insight into the reasons that older households leave homeownership to become renters....

This paper examines index revision in measuring the prices for owner-occupied housing. We consider the context of equityinsurance and the settlement of futures contracts. In addition to other desirable characteristics for aggregate price indexes, their usefulness in these contexts requires...

Traditional assimilation theory suggests immigrant adaptation into society as a function of catching up to the status of the host society. Recent Chinese immigrants, rather than climbing socioeconomic ladders over time, may have achieved a socioeconomic status comparable to that of native-born...