Parental Status and Child's Home Ownership
研究父母状况如何影响子女的住房所有权,发现父母拥有住房会增加子女拥有住房的概率,父母收入影响子女住房价值但通过不同路径(黑人家庭通过赠与,白人家庭通过父母住房价值)。
This paper explores the relation of parents' status to their children's home ownership. Home ownership by parents increases the probability of a child's home ownership. Parents' income is positively associated with the value of children's homes among owners, though it has no effect on probability of ownership. The effect of parents' income on home value is mediated by the level of gifts among black households and by parents' home value among whites. It is argued that gifts may measure direct aid and parental home value may measure a young person's expectations concerning appropriate housing standards. Data are from the Panel Study of Income Dynamics.