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Using detailed transactions data across the United States, we find that single women earn 1.5 percentage points lower annualized returns on housing relative to single men. Forty-five percent of the gap is explained by transaction timing and location. The remaining gap arises from a 2% gender difference in execution prices at purchase and sale. Consistent with a negotiation channel, women list for less and experience worse negotiated discounts. The gender gap shrinks in tight markets, where negotiation is replaced by quasi-auctions. Overall, gender differences in housing explain 30% of the gender gap in wealth accumulation for the median household.
Call Number | Location | Available |
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PSB lt.dasar - Pascasarjana (Koleksi Majalah) | 1 |
Penerbit | USA: The American Finance Association 2023 |
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Edisi | Volume 78, Issue 2, April 2023, Pages 1097-1145 |
Subjek | Household Housing Returns |
ISBN/ISSN | 1540-6261 |
Klasifikasi | NONE |
Deskripsi Fisik | First Published: 07 February 2023 |
Info Detail Spesifik | The Journal of Finance |
Other Version/Related | Tidak tersedia versi lain |
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