Single and Investing: Homeownership Trends Among the Never Married

33 Pages Posted: 1 Jun 2016

See all articles by Kusum Mundra

Kusum Mundra

Department of Economics, Rutgers University, Newark

Ruth Uwaifo Oyelere

Morehouse College; IZA Institute of Labor Economics

Abstract

In recent years, singles have begun to take on a more prominent role in reshaping America. As a group, singles are increasingly becoming influential in politics and in the determination of many macro socioeconomic outcomes. In this descriptive paper we focus on homeownership among a subset of singles, the never married. In particular we investigate potential differences in the relationship between several homeownership determinants for singles in comparison to the married. In addition, we test for heterogeneity across race and skill level in the gender gap in homeownership and the probability of homeownership before and post the recession. Our results suggest that there are some differences in the relationship between certain factors and homeownership for singles versus those who are married. In particular, we find age, gender, and number of children affect the probability of homeownership differently for singles compared to those who are married. We also find that while on average there is a higher probability of homeownership from 2007 onwards for singles, there are gender, education and racial differences. Our results also suggest significant heterogeneity across race and skill level in homeownership probabilities for singles.

Keywords: homeownership, single, ethnicity, gender, race, recession

JEL Classification: J10, J11, D10

Suggested Citation

Mundra, Kusum and Uwaifo Oyelere, Ruth, Single and Investing: Homeownership Trends Among the Never Married. IZA Discussion Paper No. 9935, Available at SSRN: https://ssrn.com/abstract=2786019

Kusum Mundra (Contact Author)

Department of Economics, Rutgers University, Newark ( email )

360 ML King Jr. Blvd.
Newark, NJ 07102
United States

HOME PAGE: http://kmundra.newark.rutgers.edu

Ruth Uwaifo Oyelere

Morehouse College ( email )

Department of Economics
Atlanta, GA 30332
United States

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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