The Gender Gap in Housing Returns
利用美国详细交易数据，发现单身女性住房年化回报率比单身男性低1.5个百分点，其中45%由交易时间和地点解释，剩余差距源于买卖执行价格2%的性别差异，且与谈判渠道一致。
ABSTRACT Using detailed transactions data across the United States, we find that single women earn 1.5 percentage points lower annualized returns on housing relative to single men. Forty‐five percent of the gap is explained by transaction timing and location. The remaining gap arises from a 2% gender difference in execution prices at purchase and sale. Consistent with a negotiation channel, women list for less and experience worse negotiated discounts. The gender gap shrinks in tight markets, where negotiation is replaced by quasi‐auctions. Overall, gender differences in housing explain 30% of the gender gap in wealth accumulation for the median household.