Does Investment Risk Affect the Housing Decisions of Families?

Turner, Tracy M.

doi:10.1093/ei/cbg036

Cited by 36 publications

(33 citation statements)

References 24 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…An individual is classi…ed as unemployed if he or she receives any public unemployment bene…ts in a speci…c year (the Swedish unemployment insurance system is described in more detail in Section 4.2.2). Explanatory variables included in the probit model are marital status, sector, industry, age group, gender, country of birth, A-region 25 and education. 26 Estimates from the annual probit regressions on unemployment are reported in Table 5 (for every third year).…”

Section: Methodsmentioning

confidence: 99%

Housing choices and labor income risk

Jansson

2017

Journal of Urban Economics

View full text Add to dashboard Cite

I show that individuals whose unemployment risk tends to increase more when local home prices fall optimally invest less in owner-occupied housing. Using a unique, Swedish register-based database, I …nd that a one standard deviation increase in the covariance between individually estimated unemployment risks and local home prices implies an average increase in the value of households' investments in owner-occupied housing of USD 13,300. Further, I …nd, in line with the predictions of my theoretical model, that same-industry couples rent more often, but, conditional on ownership, invest USD 9,200 more on average in single-family homes than di¤erent-industry couples.JEL classi…cations: D12, D14, R21

show abstract

Section: Methodsmentioning

confidence: 99%

Housing choices and labor income risk

Jansson

2017

Journal of Urban Economics

View full text Add to dashboard Cite

show abstract

“…7 Turner (2003) provides further evidence at the MSA level, suggesting that housing investment risk has a negative impact on homeownership propensities.…”

mentioning

confidence: 89%

Explaining the Black-White Homeownership Gap: The Role of Own Wealth, Parental Externalities and Locational Preferences

Hilber

Liu

2007

SSRN Journal

View full text Add to dashboard Cite

African Americans in the United States are considerably less likely to own their homes compared to Whites. Differences in household income and other socio-economic and demographic characteristics can only partially explain this gap and previous studies suggest that the 'unexplained' gap has increased over time. In this paper we use the Panel Study of Income Dynamics (PSID) intergenerational data, which provides information on household wealth, parental characteristics and macro-location choice. We find that African-American households are 6.5 percent less likely to own if only traditional explanatory variables are controlled for. However, the black-white homeownership gap disappears if differences in own and parental wealth and in the preferred macro-location type are accounted for.JEL classification: D81, J62, J71, R21, R31.

show abstract

“…Various scholars used various indices in measuring housing affordability (Glaeser & Gyourko, 2003;Quigley, 2007;Turner, 2003). Each of the indicators to measure housing affordability has its benefits and restrictions.…”

Section: Household's Incomementioning

confidence: 99%

Effects of Poverty on Urban Residents’ Living and Housing Conditions in Nigeria

Akinyode

Martins

2017

JAH

View full text Add to dashboard Cite

The importance of housing has made it received much attention worldwide among scholars and policy makers as a potential tool for man's productivity. However, little is known about the poverty implications on the living and housing condition among Nigerian residents. This study aims at examining the effects of poverty among urban residents on their living and housing conditions in Nigeria. Questionnaires administration was made among 400 residents to assess residential attributes. Qualitatively supported with the aid of personal interview, observation and photographs. Correlation analysis was drawn between the residents' socio-economic status and housing condition. Results through descriptive analysis established that majority of the housing exhibit deterioration condition. This resulted from the socio-economic situation and high poverty level of the residents. The result also showed robust and positive relationship between residents socioeconomic and urban housing condition. This positive relationship demonstrates support for the negative impacts on the welfare of the residents. Urban housing attributes are of importance for residents' safety, comfort and convenience to enhance productivity. In view of this, the authors are of opinion that, urgent attention is highly necessary if the residents are to live in an environment that is safe, convenience and comfortable in order to enhance their productivity.

show abstract

Does Investment Risk Affect the Housing Decisions of Families?

Cited by 36 publications

References 24 publications

Housing choices and labor income risk

Housing choices and labor income risk

Explaining the Black-White Homeownership Gap: The Role of Own Wealth, Parental Externalities and Locational Preferences

Effects of Poverty on Urban Residents’ Living and Housing Conditions in Nigeria

Contact Info

Product

Resources

About