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Abstract: Despite the overall increase in the homeownership rate across
decades, the U.S. housing market has seen a decrease among young households. This paper
takes into account the investment value and consumption cost of a housing unit, as well as
education, income, and other demographic factors to study the tenure choice process of
young households. The study also adopts the Oaxaca ... read moreDecomposition to decompose the
difference in homeownership rate between time periods into coefficients and endowments
effects to understand the real source of these changes.
Thesis (M.S.)--Tufts University, 2013.
Submitted to the Dept. of Economics.
Advisor: Jeffrey Zabel.
Committee: Anna Hardman.
Keyword: Economics.read less
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