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I am Jane. Do I pay more in the housing market?

Author

Listed:
  • Myongjin Kim

    (University of Oklahoma)

  • Brent Norwood

    (University of Oklahoma)

  • Sean O'Connor

    (University of Oklahoma)

  • Leilei Shen

    (Kansas State University)

Abstract

Do women pay more than men in the housing market? We utilize repeat-sales housing data from ZTRAX to examine if gender gaps exist in house purchase prices and loan-to-price ratios. We find that female homebuyers pay a 2% premium on average. In addition, female homebuyers' loan to price ratio is 3 percentage points lower than that of male buyers. We also show that female buyers pay less when the seller is female than when the seller is male. However, the gender price differentials and loan-to-price differentials are disappearing in more recent years. One possible explanation for the disappearing gender price differentials in house prices and loan-to-price ratios is the shrinking of the gender wage gap in recent years.

Suggested Citation

  • Myongjin Kim & Brent Norwood & Sean O'Connor & Leilei Shen, 2019. "I am Jane. Do I pay more in the housing market?," Economics Bulletin, AccessEcon, vol. 39(2), pages 1612-1620.
    • Handle: RePEc:ebl:ecbull:eb-19-00346
    as

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    References listed on IDEAS

    as
    1. Ping Cheng & Zhenguo Lin & Yingchun Liu, 2011. "Do Women Pay More for Mortgages?," The Journal of Real Estate Finance and Economics, Springer, vol. 43(4), pages 423-440, November.
    2. Alberto F. Alesina & Francesca Lotti & Paolo Emilio Mistrulli, 2013. "Do Women Pay More For Credit? Evidence From Italy," Journal of the European Economic Association, European Economic Association, vol. 11, pages 45-66, January.
    3. King, A Thomas & Mieszkowski, Peter, 1973. "Racial Discrimination, Segregation, and the Price of Housing," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 590-606, May-June.
    4. Steven Ongena & Alexander Popov, 2016. "Gender Bias and Credit Access," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(8), pages 1691-1724, December.
    5. Kiel, Katherine A. & Zabel, Jeffrey E., 1996. "House Price Differentials in U.S. Cities: Household and Neighborhood Racial Effects," Journal of Housing Economics, Elsevier, vol. 5(2), pages 143-165, June.
    6. Bayer, Patrick & Casey, Marcus & Ferreira, Fernando & McMillan, Robert, 2017. "Racial and ethnic price differentials in the housing market," Journal of Urban Economics, Elsevier, vol. 102(C), pages 91-105.
    7. Ihlanfeldt, Keith & Mayock, Tom, 2009. "Price discrimination in the housing market," Journal of Urban Economics, Elsevier, vol. 66(2), pages 125-140, September.
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    Cited by:

    1. Paul Goldsmith‐Pinkham & Kelly Shue, 2023. "The Gender Gap in Housing Returns," Journal of Finance, American Finance Association, vol. 78(2), pages 1097-1145, April.

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    More about this item

    Keywords

    Gender differences; Housing market; Repeat-sales approach;
    All these keywords.

    JEL classification:

    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
    • J7 - Labor and Demographic Economics - - Labor Discrimination

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