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Federal Reserve Bank of Chicago
Working Paper Series
A note on the benefits of homeownership
Daniel Aaronson
Abstract

This brief note adds to recent work that attempts to identify externalities associated with homeownership. The results suggest that some of the homeownership effect found in Green and White [5] is driven by family characteristics associated with homeownership, especially residential stability. However, as much as homeownership increases residential stability, it appears to be correlated with higher school attainment. Attempts to control for endogeneity cannot eliminate this finding. ; Originally issued as WP 98-20 (June 1999)


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Daniel Aaronson, A note on the benefits of homeownership, Federal Reserve Bank of Chicago, Working Paper Series WP-99-23, 1999.
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