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Wednesday, April 7, 2021 at 1:15am to 2:30pmVirtual Event
Paul Goldsmith-Pinkham, Yale School of Management
THE GENDER GAP IN HOUSING RETURNS*
PAUL GOLDSMITH-PINKHAM & KELLY SHUE
Abstract: Using detailed data on housing transactions across the United States since 1991, we find that single men earn 1.5 percentage points higher returns per year on housing relative to single women. Approximately 45% of the gap can be explained by differences in the location and timing of transactions. The remaining gap is due to a 2% gender difference in execution prices at purchase and sale, arising from differences in the choice of initial list prices and negotiated discounts. Overall, the gender gap in housing explains 30% of the gender gap in wealth accumulation at retirement for the median household.
If you are interested in participating in this seminar, please email Heather LaCombe at firstname.lastname@example.org for Zoom information.