000			01214nam a22001457a 4500
999			_c521200 _d521200
008			221226b ||||| |||| 00| 0 eng d
100			_aHausman, N., Nyska, T.R. and Zussman, N. _936411
245			_aHomeownership, labor supply, and neighborhood quality
260			_aAmerican Economic Journal: Economic Policy
300			_a14(2), May, 2022: p.193-230
520			_aThis 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
773			_aAmerican Economic Journal: Economic Policy
906			_aLABOUR SUPPLY
942			_cAR