01214nam a22001457a 4500 521200 521200 221226b ||||| |||| 00| 0 eng d Hausman, N., Nyska, T.R. and Zussman, N. 36411 Homeownership, labor supply, and neighborhood quality American Economic Journal: Economic Policy 14(2), May, 2022: p.193-230 This paper provides evidence on the external benefits of homeownership among low-income populations. A natural experiment in Israel generated large changes in neighborhood homeownership rates while holding fixed the residents and housing stock, two primary sources of bias in traditional estimates. When public housing tenants are given the opportunity to buy their units, buyers increase labor supply. Effects are felt in the neighborhood: when homeownership rises by 10 pp, neighborhood home prices rise 1.5–2 percent. Instrumenting for purchases using government discounts generates similar results. Results are relevant for policies using financial incentives to increase homeownership among low-income populations. – Reproduced American Economic Journal: Economic Policy LABOUR SUPPLY AR 0 0 ddc 0 0 395252 IIPA IIPA 2022-12-26 14(2), May, 2022: p.193-230 AR127748 2022-12-26 AR