A note on the benefits of homeownership

Daniel Aaronson

No WP-99-23, Working Paper Series from Federal Reserve Bank of Chicago

Abstract: This brief note adds to recent work that attempts to identify externalities associated with homeownership. The results suggest that some of the homeownership effect found in Green and White [5] is driven by family characteristics associated with homeownership, especially residential stability. However, as much as homeownership increases residential stability, it appears to be correlated with higher school attainment. Attempts to control for endogeneity cannot eliminate this finding. ; Originally issued as WP 98-20 (June 1999)

Date: 1999
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Journal Article: A Note on the Benefits of Homeownership (2000)
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