The Growth of Earnings of Low-Income Households
and the Sensitivity of Their Homeownership Choices to Economic
and Socio-Demographic Shocks (April 2005, 34 p.)
This April 2005 report traces post-purchase experiences of
low-income homeowners. It investigates the growth rate of
earnings of low-income households following their first purchase
of a house. The study analyzes the correlates of this income
growth and identifies which low-income households are most
likely to succeed in homeownership. The study also investigates
unsuccessful spells of first-time homeownership by low-income
households and tests for correlates between termination of
homeownership and financial or social shocks in first-time,
low-income homeowners' lives. Finally, the results are discussed
and analyzed for their public policy implications.
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