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COVID-19 vaccination and housing payments

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  • Zheng, Yi
  • Ren, He

Abstract

Using data from the Household Pulse Survey collected by the U.S. Census Bureau, we show that COVID-19 vaccination mitigates households’ payment difficulty and that there is a positive causal relationship between the vaccination and housing rent/mortgage payment confidence. We attribute these findings to an economic recovery channel. Specifically, the vaccination results in improvement of economic activities and reduction in job losses and households’ anxiety, worry, and depression. Moreover, our results identify some racial, occupational, and regional disparities. The positive causal relationship between the vaccination and housing payments is more pronounced for black households, self-employed and non-teleworking households, and Southern households.

Suggested Citation

  • Zheng, Yi & Ren, He, 2024. "COVID-19 vaccination and housing payments," Journal of Housing Economics, Elsevier, vol. 64(C).
    • Handle: RePEc:eee:jhouse:v:64:y:2024:i:c:s1051137724000111
    DOI: 10.1016/j.jhe.2024.101992
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    More about this item

    Keywords

    Coronavirus; Vaccines; Housing finance; Housing spending; Racial disparities; Labor market; Remote work;
    All these keywords.

    JEL classification:

    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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