全球智库信息集成服务系统(G2TT): The Gender Gap in Housing Returns

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w26914
来源ID	Working Paper 26914
	The Gender Gap in Housing Returns
	Paul Goldsmith-Pinkham; Kelly Shue
发表日期	2020-03-30
出版年	2020
语种	英语
摘要	Housing wealth represents the dominant form of savings for American households. Using detailed data on housing transactions across the United States since 1991, we find that single men earn 1.5 percentage points higher unlevered returns per year on housing relative to single women. The gender gap grows significantly larger after accounting for mortgage borrowing: men earn 7.9 percentage points higher levered returns per year relative to women. Approximately 45% of the gap in housing returns can be explained by gender differences in the location and timing of transactions. The remaining gap arises primarily from gender differences in execution prices: data on repeat sales reveal that women buy the same property for approximately 2% more and sell for 2% less. Women experience worse execution prices because of differences in the choice of initial list price and negotiated discount relative to the list price. Gender differences in upgrade and maintenance rates, and preferences for housing characteristics and listing agents appear to be less important factors. Overall, the gender gap in housing returns is economically large and can explain 30% of the gender gap in wealth accumulation at retirement.
主题	Microeconomics ; Households and Firms ; Market Structure and Distribution ; Financial Economics ; Behavioral Finance ; Labor Economics ; Demography and Aging ; Regional and Urban Economics
URL	https://www.nber.org/papers/w26914
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/584587
推荐引用方式 GB/T 7714	Paul Goldsmith-Pinkham,Kelly Shue. The Gender Gap in Housing Returns. 2020.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w26914.pdf（465KB）	智库出版物		限制开放	CC BY-NC-SA	浏览