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Source: Russell Sage Foundation Journal of the Social Sciences
Resulting in 2 citations.
1. Killewald, Alexandra
Bryan, Brielle
Does Your Home Make You Wealthy?
Russell Sage Foundation Journal of the Social Sciences 2,6 (October 2016): 110-128.
Also: http://www.rsfjournal.org/doi/full/10.7758/RSF.2016.2.6.06
Cohort(s): NLSY79
Publisher: Russell Sage Foundation
Keyword(s): Ethnic Differences; Home Ownership; Modeling, Marginal Structural; Racial Differences; Wealth

Estimating the lifetime wealth consequences of homeownership is complicated by ongoing events, such as divorce or inheritance, that may shape both homeownership decisions and later-life wealth. We argue that prior research that has not accounted for these dynamic selection processes has overstated the causal effect of homeownership on wealth. Using NLSY79 data and marginal structural models, we find that each additional year of homeownership increases midlife wealth in 2008 by about $6,800, more than 25 percent less than estimates from models that do not account for dynamic selection. Hispanic and African American wealth benefits from each homeownership year are 62 percent and 48 percent as large as those of whites, respectively. Homeownership remains wealth-enhancing in 2012, but shows smaller returns. Our results confirm homeownership's role in wealth accumulation and that variation in both homeownership rates and the wealth benefits of homeownership contribute to racial and ethnic disparities in midlife wealth holdings.
Bibliography Citation
Killewald, Alexandra and Brielle Bryan. "Does Your Home Make You Wealthy?" Russell Sage Foundation Journal of the Social Sciences 2,6 (October 2016): 110-128.
2. Sawhill, Isabel V.
Reeves, Richard V.
Modeling Equal Opportunity
Russell Sage Foundation Journal of the Social Sciences 2,2 (May 2016): 60-97.
Also: http://www.rsfjournal.org/doi/full/10.7758/RSF.2016.2.2.03
Cohort(s): Children of the NLSY79, NLSY79
Publisher: Russell Sage Foundation
Keyword(s): Achievement; Behavior Problems Index (BPI); Children, Academic Development; Children, Well-Being; Family Income; Gender Differences; Home Observation for Measurement of Environment (HOME); Intergenerational Patterns/Transmission; Life Course; Mobility, Economic; Modeling, Simulation; Peabody Individual Achievement Test (PIAT- Math); Peabody Individual Achievement Test (PIAT- Reading); School Entry/Readiness

We examine the themes of equal opportunity, intergenerational mobility, and inequality. We address the normative and definitional questions of selecting measures of mobility and summarize the current state of intergenerational mobility in the United States and abroad. We introduce a new microsimulation model, the Social Genome Model (SGM), which provides a framework for measuring success in each stage of the life cycle. We show how the SGM can be used not only to understand the pathways to the middle class, but also to simulate the impact of policy interventions on rates of mobility.
Bibliography Citation
Sawhill, Isabel V. and Richard V. Reeves. "Modeling Equal Opportunity ." Russell Sage Foundation Journal of the Social Sciences 2,2 (May 2016): 60-97.