A Note on the Benefits of Homeownership
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
