@techreport{da1a71a2780a421481641c446ebd5198,
title = "American Dream Delayed: Shifting Determinants of Homeownership",
abstract = "This paper develops and estimates a dynamic model of discrete choice for labor supply, fertility and transition from tenant to home-owner, to investigate the secular decline in homeownership over the past several decades, wholly attributable to households postponing the purchase of their first home. House prices only partly explain the de-cline; higher base level wages led to lower fertility also contributing to the decline, because households with children are more likely to own a home than those without. Somewhat surprisingly we find higher lev-els of female education ameliorated this trend, highly educated women placing greater value on home ownership.",
keywords = "Housing demand, Fertility, Labor supply, Housing demand, Fertility, Labor supply",
author = "Natalia Khorunzhina and Miller, {Robert A.}",
year = "2019",
language = "English",
series = "Working Paper / Department of Economics. Copenhagen Business School",
publisher = "Copenhagen Business School, CBS",
number = "07-2019",
address = "Denmark",
type = "WorkingPaper",
institution = "Copenhagen Business School, CBS",
}