[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2017 [Article No.:] 342
Institute for the Study of Labor (IZA), Bonn
Homeownership has important economic implications for society and individuals. At the social level is the greater civic engagement that homeowners tend to exhibit, while at the individual level an important outcome associated with housing tenure is better education outcomes, especially for children. The causal impact of tenure, in particular of homeownership, on education is mediated through a range of mechanisms. Evidence for the direct benefit of homeownership itself is less clear, though positive impacts associated with homeownership are stronger for low-income households.