Consumption and economic Security: A two-stage conceptualization of sustainable homeownership in the United States (Record no. 528116)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01722nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 241113b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Ren, Chunhui |
| 245 ## - TITLE STATEMENT | |
| Title | Consumption and economic Security: A two-stage conceptualization of sustainable homeownership in the United States |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | Urban Affairs Review |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 60(4), Jul, 2024: p.1162-1190 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | In the present study, we propose a novel conceptualization of homeownership in the United States as a special commodity, whose consumption involves a two-stage process: homeownership entry wherein the ability to consume is pivotal, and homeownership retention wherein the outcome rests on economic security. Based on the Panel Study of Income Dynamics (PSID), we test this conceptualization with consumption ability being proxied by income and economic security by liquid wealth. Three hypotheses are verified: (1) income predicts first-time renters’ chance of becoming homeowners but has weakened influence on homeownership retention; (2) liquid wealth constitutes the central determinant for first-time homeowners’ ability to avoid going back to renting; and (3) nonliquid wealth fails to exhibit a significant impact on either homeownership stage. By revealing the two separate stages of different homeownership dynamics, this study is the first to systematically explore the built-in contradiction of capitalist housing markets. Policy implications are also discussed.- Reproduced https://journals.sagepub.com/doi/full/10.1177/10780874231223113 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Homeownership, Consumption, Economic security, Asset building, Social policy. |
| 9 (RLIN) | 48671 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | Urban Affairs Review |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | CONSUMPTION |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-11-13 | 60(4), Jul, 2024: p.1162-1190 | AR133543 | 2024-11-13 | Articles |