What are the social benefits of homeownership? Experimental evidence for low-income households

Engelhardt, Gary V.; Eriksen, Michael D.; Gale, William G.; Mills, Gregory

doi:10.1016/j.jue.2009.09.010

Cited by 111 publications

(64 citation statements)

References 36 publications

(47 reference statements)

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“…A similar result is obtained for neighbourhood satisfaction. The question of which ownership levels are 'right' is not the focus of our paper, but our results are supportive of the hypotheses inEngelhardt et al (2010) andHaurin et al (2003) that incremental changes in external effects of homeownership are largest when current homeownership rates are low, thus indicating a non-linear relation…”

supporting

confidence: 76%

Safe and Satisfied? External Effects of Homeownership in Rotterdam

Brounen¹,

Cox²,

Neuteboom³

2012

Urban Studies

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The article analyses the impact of homeownership on neighbourhood safety and neighbourhood satisfaction, using a unique panel dataset for the city of Rotterdam. The results show that there are significant, but economically small, effects of homeownership on safety and satisfaction. Moreover, the relation between ownership and satisfaction is significantly moderated by neighbourhood safety. The paper examines whether the marginal impact of increases in homeownership on external effects diminish once ownership levels are higher. According to the data, this seems to be the case. The results are robust to alternative specifications. The findings provide insights for the evaluation of housing market policies that subsidise or stimulate homeownership.

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supporting

confidence: 76%

Safe and Satisfied? External Effects of Homeownership in Rotterdam

Brounen¹,

Cox²,

Neuteboom³

2012

Urban Studies

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“…General political involvement and voting were found to be unrelated to homeownership in a field experiment (Engelhardt, Eriksen, Gale, & Mills, 2010). Therefore, we assess voting in local rather than national elections.…”

Section: Civic Engagementmentioning

confidence: 99%

Why Is Homeownership Associated With Nonfinancial Benefits? A Path Analysis of Competing Mechanisms

Lindblad

Quercia

2014

Housing Policy Debate

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“…Such approaches never fully overcome the selection problem associated with nonexperimental data. Alternatively, a field experiment can provide a truly exogenous instrument, as demonstrated in the recent work by Engelhardt et al (2010). In our application, we use a large and representative random sample, containing information on personal traits that are not normally observed, to control for selection effects.…”

Section: Introductionmentioning

confidence: 99%

Homeownership, Social Capital and Satisfaction with Local Government

Roskruge¹,

Grimes²,

McCann³

et al. 2013

Urban Studies

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Prior studies suggest that homeownership positively impacts on social capital formation. However, many studies find it difficult to control adequately for selection effects in the form of factors, some of which may be unobserved, that encourage both homeownership and investment in social capital by households. A biennial survey conducted in New Zealand cities provides data that enable the control of such selection effects with propensity score matching methods, while also benchmarking the results by means of regression methods. The results confirm that homeownership exerts positive impacts on the formation of social capital. At the same time, homeownership demands greater accountability of local government and leads to reduced satisfaction with local government performance, thereby negatively impacting on community social capital. Hence these two dimensions of housingrelated social capital work in opposite directions from each other, a finding which has not been previously observed.

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What are the social benefits of homeownership? Experimental evidence for low-income households

Cited by 111 publications

References 36 publications

Safe and Satisfied? External Effects of Homeownership in Rotterdam

Safe and Satisfied? External Effects of Homeownership in Rotterdam

Why Is Homeownership Associated With Nonfinancial Benefits? A Path Analysis of Competing Mechanisms

Homeownership, Social Capital and Satisfaction with Local Government

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