Degree Type
Honors Capstone Project
Date of Submission
Spring 5-1-2018
Capstone Advisor
Perry Singleton
Capstone Major
Economics
Capstone College
Arts and Science
Audio/Visual Component
no
Capstone Prize Winner
no
Won Capstone Funding
no
Honors Categories
Social Sciences
Subject Categories
Business | Real Estate
Abstract
How does the ownership of dwellings by recent graduates reflect the business cycle? This paper focuses on the relationship between the unemployment rate and the ownership of dwelling for recent graduates. Scholars have been analyzing the relationship between the ownership of dwellings and unemployment for decades. Most studies find out that home ownership seems to constrain the labor mobility and therefore, it can result in higher unemployment. However, in this paper, the focus is on recent graduates, which means there will be limited influence of labor mobility. The ownership of dwelling data is obtained from the IPUMS CPS and the unemployment rate is accessed from the United States department of Labor. In this paper, I will expect a negative relationship between the unemployment rate and the ownership of dwelling for recent graduates. I will focus on the people who received high education (two-year college and above) and graduates from school no more than five years. Given that the unemployment rate is an important indicator of the business cycle, it is reasonable to assume that the lower unemployment rate would result in higher purchase power for the dwellings, and thus a higher rate of ownership of dwellings. Also, the head of the dwelling will have a different outcome compared with the people only living in the dwelling.
Recommended Citation
Shan, Lixiao, "The effect of the unemployment rate on the homeownership rate with focus on recent graduates" (2018). Renée Crown University Honors Thesis Projects - All. 1199.
https://surface.syr.edu/honors_capstone/1199
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
