Income Gains and the Geography of the US Home Ownership Boom, 1940 to 1960

Collins, William; Niemesh, Gregory

Income Gains and the Geography of the US Home Ownership Boom, 1940 to 1960

No 31249, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Income and home ownership both surged in the United States between 1940 and 1960. We use cross-place variation in changes in real income to assess the importance of income gains to the mid-century home ownership boom. OLS and IV estimates suggest that a large share of the overall increase in home ownership was attributable to wage gains that were both large on average and widely spread across workers. This research complements the literatures on how New Deal mortgage market innovations and the World War II and Korean War GI Bills promoted home ownership in this period.

JEL-codes: J31 N32 N92 R21 (search for similar items in EconPapers)
Date: 2023-05
New Economics Papers: this item is included in nep-his, nep-lma and nep-ure
Note: DAE
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Forthcoming: Income Gains and the Geography of the US Home Ownership Boom, 1940 to 1960 , William J. Collins, Gregory T. Niemesh. in The Economic History of American Inequality: New Evidence and Perspectives , Bailey, Boustan, and Collins. 2025

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