年轻人住房拥有率下降的原因

IF 1.7 4区经济学 Q2 ECONOMICS

Contemporary Economic Policy Pub Date : 2022-08-21 DOI:10.1111/coep.12587

Yuxi Yao

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引用次数: 0

摘要

这篇论文记录了，与大学毕业生相比，非大学毕业生的年轻购房率下降更为持久：虽然一些大学毕业生推迟了购房，但非大学毕业生可能仍然是长期租房者。我开发了一个模型，表明大学份额的增加和教育驱动的收入差距的扩大是大学毕业生购买延迟和非大学毕业生购买不足的原因。利用跨城市差异，我验证了该模型的含义，并表明该机制可以定量解释1980年至2019年两个教育群体之间不同的所有权决策。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

Accounting for the decline in homeownership among the young

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Accounting for the decline in homeownership among the young

This paper documents that the drop in young homeownership is more persistent among non-college graduates compared to college graduates: while some college graduates postpone home purchasing, non-college graduates are likely to remain long-term renters. I develop a model showing that the combination of rising college share and a widening education-driven income gap accounts for the delayed purchasing of college graduates and the lack of purchasing among non-college graduates. Exploiting cross-city variation, I verify the implications of the model and show that the mechanism can quantitatively account for the diverging ownership decisions between the two education groups from 1980 to 2019.

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来源期刊

Contemporary Economic Policy Multiple-

CiteScore

3.10

自引率

6.70%

发文量

期刊介绍： Contemporary Economic Policy publishes scholarly economic research and analysis on issues of vital concern to business, government, and other decision makers. Leading western scholars, including three Nobel laureates, are among CEP"s authors. The objectives are to communicate results of high quality economic analysis to policymakers, focus high quality research and analysis on current policy issues of widespread concern, increase knowledge among economists of features of the economy key to understanding the impact of policy, and to advance methods of policy analysis.