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Analysis of the Changing Influences on Traditional Households' Ownership Patterns

Datos Bibliográficos

ID11079612
AutoresJoseph Gyourko (University of Pennsylvania, autor de correspondencia), Peter Linneman (University of Pennsylvania)
Año1996
Volumen39
Número3
Páginas318-341
Fecha de publicación1996-05-01
Open AccessSí
TipoARTICLE
RevistaJournal of Urban Economics (JOURNAL)
Identificadores de la revistaISSN: 0094-1190 • E-ISSN: 1095-9068
EditorialElsevier BV (PUBLISHER)
DOI10.1006/juec.1996.0017
OpenAlexW2051373905
IdiomaEN
Citas recibidas43

Sociological and economic forces have begun to alter ownership patterns in ways not yet captured by movements in the aggregate ownership rate. While demographic factors such as marital status and family structure remain influential in determining tenure choice, their impact has waned, particularly among the best educated households and those with rising real incomes. Labor market conditions, as evidenced by increasing returns to skill, are more strongly felt than ever before in the housing market. The impact on owning of being highly educated now rivals the influence of being married with minor children. Increasingly delayed ownership is a reality, even for traditional family units with 36- to 45-year-old heads that have not prospered in the labor market. The rising real cost of even relatively inexpensive suburban housing is also beginning to be reflected in a heightened impact for real family income on tenure choice. Finally, race currently is more adversely influential in determining suburban ownership for young, middle-aged minority families than it was in 1960, particularly if the household head is not well educated. We suspect this is due to racially disparate impacts of increasingly rigorous zoning regulations and higher impact fees in the suburbs

Business · Common ownership · Demographic economics · Economics · Housing tenure · Labour economics · Marital status · Market economy · Political science · Race (biology · Sociology · Suspect · Zoning · Housing Market and Economics

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Citas por año1,59
Intervalo de citas1999 - 2024 (26)
Altamente citadoNo

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