Marriage Market Signals and Homeownership for the Never Married

33 Pages Posted: 29 Oct 2018

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

There is a growing trend of buying homes among the single population in the U.S. This trend has been referred to as "Going Solo" and is particularly evident among women who are the focus of our study. In this paper we investigate the hypothesis that homeownership probabilities can be affected by marriage market expectations and pessimistic marriage market expectations may raise home buying probabilities among never married singles. We focus solely on the sub population called the never married single females and our results provide evidence consistent with the above hypothesis. In particular, we find that up to a certain threshold, the probability of homeownership decreases when the marriage market prospect indicator improves and there is evidence of heterogeneity in this relationship across race, education level, age group and motherhood status.

Keywords: home ownership, never married singles, marriage market, sex ratios, marriage rates, single females

JEL Classification: J1, J12, R21

Suggested Citation

Mundra, Kusum and Uwaifo Oyelere, Ruth, Marriage Market Signals and Homeownership for the Never Married. IZA Discussion Paper No. 11877, Available at SSRN: https://ssrn.com/abstract=3273716

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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