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作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.55,P.401-450

语言

英文

关键字

R21;D1;R0;J6;I1;Homeownership;Wealth;Mobility;Health;Home maintenance;Urban structure;Portfolio choice

作者单位

Department of Economics and Center for Urban and Regional Analysis, Ohio State University, 389 Arps Hall, 1945 N. High St., Columbus, OH 43210, USA"}]},{"#name":"affiliation","$":{"id":"AFF002;Departments of Economics, Finance, and Public Policy, Ohio State University, 1010 Derby Hall, 154 N. Oval Mall, Columbus, OH 43210, USA"}]},{"#name":"correspondence","$":{"id":"COR001;Department of Economics and Center for Urban and Regional Analysis, Ohio State University, 389 Arps Hall, 1945 N. High St., Columbus, OH 43210, USA"}]},"AFF002":{"#name":"affiliation","$":{"id":"AFF002;Departments of Economics, Finance, and Public Policy, Ohio State University, 1010 Derby Hall, 154 N. Oval Mall, Columbus, OH 43210, USA"}]}},"correspondences":{"COR001":{"#name":"correspondence","$":{"id":"COR001

摘要

This paper reviews the literature that describes the micro-level economic and social consequences of homeownership. We adopt an interdisciplinary approach and include studies from economics, sociology, geography, political science, psychology, and other disciplines. Our focus is on the set of consequences of homeownership in developed countries. Our list of potential outcomes of homeownership includes the impact on household wealth and portfolio choice, mobility, labor force participation, urban structure and segregation, home maintenance, political and social activities, health, demographics, self-esteem, and child outcomes. There is substantial evidence that homeownership has important effects on some household behaviors and outcomes. However, we find that much of the past 30-year's literature on consequences of homeowning is deficient from a theoretical or econometric perspective. We suggest solutions and identify research gaps present in the literature.