التفاصيل البيبلوغرافية
| العنوان: |
Vulnerability of low-income homeownership in the United States: An analysis based on household liquidity. |
| المؤلفون: |
Ren, Chunhui |
| المصدر: |
Journal of Urban Affairs; 2024, Vol. 46 Issue 3, p624-649, 26p |
| مصطلحات موضوعية: |
HOME ownership, GREAT Recession, 2008-2013, LIQUID assets, FINANCIAL security, SOCIAL policy |
| مستخلص: |
In the United States after the Great Recession, despite growing attention to low-income households' homeownership vulnerability, the existing works tend to take specific angles and produce only piecemeal evidence. By placing liquid assets' function of mediating financial hardships in the context of homeownership dynamics, I establish a synthesized conceptual framework. Based on data from the Panel Study of Income Dynamics (PSID), I put this framework to a test and find that liquid assets not only reduce the risk of homeownership exit in general but play a pivotal role in accounting for low-income borrowers' elevated rates of exit. I discuss policy implications of the findings at the end of the paper. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Complementary Index |
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