The Longevity Benefits of Homeownership: Evidence from Early 20th-Century U.S. Male Birth Cohorts

Casey Breen

No 7ya3f_v1, SocArXiv from Center for Open Science

Abstract: Owning a home has long been touted as a key component of the idealized "American Dream." Homeownership is associated with greater wealth and better health, but the causal impact of homeownership on health remains unclear. Using linked complete-count census and Social Security mortality records, we document Black-White disparities in homeownership rates and produce the first U.S.-based estimates of the association between homeownership in early adulthood and longevity. We then use a sibling-based identification strategy to estimate the causal effect of homeownership on longevity for cohorts born in the first two decades of the 20th century. Our results indicate homeownership has a significant positive impact on longevity, which we estimate at approximately 4 months.

Date: 2023-04-15
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:7ya3f_v1

DOI: 10.31219/osf.io/7ya3f_v1

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