Homeownership segregation
成果类型：
Article
署名作者：
Kulkarni, Nirupama; Malmendier, Ulrike
刊物名称：
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN：
0304-3932
DOI：
10.1016/j.jmoneco.2022.05.001
发表日期：
2022
页码：
123-149
关键词：
摘要：
Homeownership is considered an essential part of the American Dream and forms the foundation of upward mobility. We show that the upward mobility of children from lowincome families is not predicted by homeownership rates, but by homeownership segregation. Higher residential segregation between homeowners and renters predicts lower upward mobility of children from low-income families, while not affecting high-income families. We hypothesize the 1968 Fair Housing Act preserved homeownership segregation in CZs since the 1970s, and feature more land-use regulation even today. Channels mediating the effect of homeownership on upward mobility include income segregation, racial segregation, school segregation, and commuting times. (C) 2022 Elsevier B.V. All rights reserved.
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