Does homeownership promote wealth accumulation?
نویسندگان
چکیده
منابع مشابه
How Wealth Accumulation Can Promote Cooperation
Explaining the emergence and stability of cooperation has been a central challenge in biology, economics and sociology. Unfortunately, the mechanisms known to promote it either require elaborate strategies or hold only under restrictive conditions. Here, we report the emergence, survival, and frequent domination of cooperation in a world characterized by selfishness and a strong temptation to d...
متن کاملThe Effectiveness of Homeownership in Building Household Wealth
The recent economic and financial crisis and the current slow recovery highlight that homeownership plays a critical role in the U.S. economy. The estimated “equivalent rent” implicitly paid by homeowners accounts for more than 8 percent of gross domestic product (GDP). Investment in single-family housing also represents a significant share of GDP and is closely tied to the business cycle. Over...
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It has long been argued that promoting homeownership among low-income households is worthwhile because owned housing may be an important source of savings for these families, and that children raised in owned housing are likely to be more successful well-adjusted members of society. This paper employs the Panel Study of Income Dynamics and a dynamic estimating technique to examine the effect of...
متن کاملWealth Inequality and Accumulation.
Research on wealth inequality and accumulation and the data upon which it relies have expanded substantially in the twenty-first century. While the field has experienced rapid growth, conceptual and methodological challenges remain. We begin by discussing two major unresolved methodological concerns facing wealth research: how to address challenges to causal inference posed by wealth's cumulati...
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ژورنال
عنوان ژورنال: Applied Economics Letters
سال: 2018
ISSN: 1350-4851,1466-4291
DOI: 10.1080/13504851.2018.1542117