A Note on the Benefits of Homeownership

Aaronson, Daniel

doi:10.1006/juec.1999.2144

Cited by 259 publications

(180 citation statements)

References 10 publications

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“…40 However, recent research suggests that that these benefits primarily reflect the stability associated with owning a home, rather than homeownership itself. 41,42 Owners move less often than renters, and this stability allows families and children to establish a foundation in a community, remain in a consistent school, and use a known set of community institutions.…”

Section: Discussionmentioning

confidence: 99%

Home Foreclosure and Child Protective Services Involvement

et al. 2015

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We estimated associations between experiencing a home foreclosure filing and experiencing a child protective services (CPS) investigation or substantiation. METHODS:We linked a large sample drawn from administrative data on foreclosure filings, CPS involvement, and participation in a host of other public programs for .60 000 Wisconsin households over a 4-year period from 2008 to 2011. Our empirical analyses used piecewise exponential survival models to estimate the risk of CPS involvement (investigation or substantiation) as a function of a home foreclosure filing and a set of individual and household characteristics. We fitted these models with and without the inclusion of propensity score weights. RESULTS:Households that experienced a foreclosure filing had a much higher probability of CPS involvement. This was true in the year before the filing as well as the year after the foreclosure filing. However, these associations were generally largest in the period before or shortly afterward.CONCLUSIONS: Experiencing a foreclosure filing is associated with increased CPS involvement. However, it is not clear that this association is driven by the foreclosure filing action itself. Rather, increased risk of CPS involvement is apparent during the process of moving toward the filing as well as the year or so after the filing, both of which are likely characterized by limited economic resources as well as by financial and other stress.

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Section: Discussionmentioning

confidence: 99%

Home Foreclosure and Child Protective Services Involvement

et al. 2015

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“…The data also find that daughters of homeowners have much lower incidence of teenage pregnancy. Aaronson (2000) contribute to literature on children education outcomes by estimating more detailed specification of the homeownership effect. He argues the findings of Green and White (1997) on the benefits of homeownership are spurious because they do not study specific reason for why homeownership has a significant effect on children's success.…”

Section: Improved Education Outcomes For the Children Of Homeownersmentioning

confidence: 99%

Determinants of homeownership in Malaysia

Tan¹

2008

Habitat International

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The housing industry is crucial to the sustainable development in Malaysia. The efficiency and effectiveness of the housing delivery system requires housing provision for all. The housing industry, which had grown rapidly in the 1980s encountered property oversupply recently. The majority of these units remain unsold for reasons beyond price factor, ranging from poor location to unattractive houses. The main objective of this paper is to tackle property oversupply in the country by examining a detailed knowledge of home owning determinants. Homeownership should be encouraged as positive externalities of homeownership can be found in many housing surveys. Homeownership is a complex issue that is the result of many determinants, including housing characteristics (house types and property types), employment and income trends, sociocultural and demographic descriptors. In addition to determinants, efforts needed to reduce regulatory barriers in the housing delivery system that can significantly increase the cost of producing houses. The government should make home financing more available and affordable by providing subsidies to low income families and creating incentives to save for homeownership. Efforts also needed to extend opportunities to enhance the affordability of homeownership by liberalizing rules and regulation of Employee Provident Fund (EPF) withdrawal.

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“…Homeownership is not only an expression of long-term economic progress, wealth accumulation and financial well-being, but for most people, it also represents a symbol of achieving high living standards, a symbol of success and status, and an asset that they can bequeath to their children. It is also linked to better physical and psychological health, greater life satisfaction, as well as improved educational, behavioral and social outcomes for children (Aaronson, 2000;Green and White, 1997;Haurin et al, 2002;Rohe et al, 2001). In European countries like Germany, owning a house is a particularly strong indicator of economic success and life satisfaction, and hence for immigrants an even stronger indicator of affiliation with the host society.…”

Section: Introductionmentioning

confidence: 99%

Ethnic Identity and Immigrant Homeownership

2009

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Immigrants are much less likely to own their homes than natives, even after controlling for a broad range of life-cycle and socio-economic characteristics and housing market conditions. This paper extends the analysis of immigrant housing tenure choice by explicitly accounting for ethnic identity as a potential influence on the homeownership decision, using a two-dimensional model of ethnic identity that incorporates attachments to both origin and host cultures. The evidence suggests that immigrants with a stronger commitment to the host country are more likely to achieve homeownership for a given set of socioeconomic and demographic characteristics, regardless of their level of attachment to their home country.JEL Classification: R21, F22, J15, Z10

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A Note on the Benefits of Homeownership

Cited by 259 publications

References 10 publications

Home Foreclosure and Child Protective Services Involvement

Home Foreclosure and Child Protective Services Involvement

Determinants of homeownership in Malaysia

Ethnic Identity and Immigrant Homeownership

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