Homeownership, house prices, and marriage stability
利用中国家庭追踪调查数据，发现住房所有权使离婚率降低23%，但房价上涨会增加房主离婚的可能性，为理解住房与婚姻关系提供新视角。
Abstract This article investigates the relationships among marital stability, divorce, homeownership, and housing prices. Using data from the China Family Panel Studies (CFPS), we find that, after controlling for observables, homeownership is associated with a 23% reduction in the overall divorce rate. Our results also indicate that while homeownership promotes marital stability, rising housing prices increase the likelihood of divorce for homeowners relative to renters. These findings suggest that increased real estate values provide financial flexibility, potentially easing the economic frictions typically associated with divorce, including the need to acquire alternative housing.