dc.creator | Ma, Eunseong | |
dc.creator | Zubairy, Sarah | |
dc.date | 2019 | |
dc.date.accessioned | 2023-10-02T15:52:12Z | |
dc.date.available | 2023-10-02T15:52:12Z | |
dc.date.issued | 2019-06-03 | |
dc.identifier.uri | https://hdl.handle.net/1969.1/199384 | |
dc.description | PublicFinance | |
dc.description.abstract | The homeownership rate was relatively stable for the few decades preceding 1995, followed by a large increase between 1995-2005 and a subsequent decline over the next ten years. Authors Eunseong Ma and Sarah Zubairy document the evolution of homeownership rate across various age groups for the period 1995-2015. Two interesting empirical findings emerge. First, there are uneven variations in the homeownership rates across age: it is large for the young, but small for the old. Second, the total variation is mostly driven by renter-to-owner transitions of the young. The authors also consider a life-cycle model featuring housing tenure decisions to explain these empirical facts. The analysis suggests that a variation in the debt-to-income limit plays a crucial role in accounting for the overall rise in homeownership and the uneven behavior across age groups | en |
dc.format.medium | Electronic | en |
dc.format.mimetype | pdf | |
dc.language.iso | en_US | |
dc.publisher | Private Enterprise Research Center, Texas A&M University | |
dc.relation | PublicFinance | en |
dc.relation.ispartof | 1905 | |
dc.rights | NO COPYRIGHT - UNITED STATES | en |
dc.rights.uri | https://rightsstatements.org/page/NoC-US/1.0/?language=en | |
dc.subject | Homeownership rate | en |
dc.subject | Debt-to-income constraint | en |
dc.subject | Life-cycle model | en |
dc.title | Homeownership and Housing Transitions: Explaining the Demographic Composition | en |
dc.type | WorkingPapers | en |
dc.type.material | Text | en |
dc.type.material | StillImage | en |
dc.format.digitalOrigin | born digital | en |
dc.publisher.digital | Texas A&M University. Library | |