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Housing policy and the social benefits of home ownership

Author

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  • N. Edward Coulson

Abstract

In the second article, \\"Housing Policy and the Social Benefits of Homeownership,\\" Ed Coulson states that the major subsidies to homeownership arise from the U.S. tax code, and the costs of these subsidies are high. Coulson asks whether the social benefits from homeownership are sufficient to warrant such subsidies. To answer the question, he reviews the research on the social benefits of ownership and some related issues. The evidence indicates that homeownership does carry substantial social benefits, but their dollar value remains uncertain.

Suggested Citation

  • N. Edward Coulson, 2002. "Housing policy and the social benefits of home ownership," Business Review, Federal Reserve Bank of Philadelphia, issue Q2, pages 7-16.
    • Handle: RePEc:fip:fedpbr:y:2002:i:q2:p:7-16
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/2002/q2/brq202ec.pdf
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    Cited by:

    1. Manyi Luo & Shihu Zhong & Jie Chen, 2024. "The sweet burden: Does homeownership improve the economic status of households?," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-10, December.
    2. Kate Sabatini & Christian E. Weller, 2007. "Changes in Homeowners’ Financial Security during the Recent Housing and Mortgage Boom," Working Papers wp125, Political Economy Research Institute, University of Massachusetts at Amherst.
    3. Lin, Zhenguo & Liu, Yingchun & Xie, Jia, 2021. "Banking deregulation and homeownership," Journal of Housing Economics, Elsevier, vol. 52(C).
    4. Coulson, N. Edward & Grieco, Paul L.E., 2013. "Mobility and mortgages: Evidence from the PSID," Regional Science and Urban Economics, Elsevier, vol. 43(1), pages 1-7.

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    Keywords

    Housing;

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