Data and Code for: Identifying the Benefits from Homeownership: A Swedish Experiment

Principal Investigator(s): View help for Principal Investigator(s) Paolo Sodini, Stockholm School of Economics; Stijn van Nieuwerburgh, Columbia University; Roine Vestman, Stockholm University; Ulf von Lilienfeld-Toal, University of Luxembourg

Version: View help for Version V1

Name	File Type	Size	Last Modified
DATA			09/11/2023 11:05:AM
DO			09/11/2023 11:08:AM
DATASETS.xlsx	application/vnd.openxmlformats-officedocument.spreadsheetml.sheet	25.4 KB	09/11/2023 07:05:AM
ListTablesFigures.xlsx	application/vnd.openxmlformats-officedocument.spreadsheetml.sheet	10.6 KB	09/11/2023 07:05:AM
Readme.pdf	application/pdf	167.9 KB	09/11/2023 07:05:AM

Project Citation:

Sodini, Paolo, van Nieuwerburgh, Stijn , Vestman, Roine, and von Lilienfeld-Toal, Ulf. Data and Code for: Identifying the Benefits from Homeownership: A Swedish Experiment. Nashville, TN: American Economic Association [publisher], 2023. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-11-22. https://doi.org/10.3886/E192504V1

Project Description

Summary: Homeownership is widely stimulated by policy yet its economic effects are poorly understood. We exploit quasi-random variation in homeownership generated by privatization decisions of municipally-owned buildings, and use granular data on demographics, income, housing, financial wealth, and debt that allow us to construct high quality measures of spending. Homeownership causes wealth accumulation via house price appreciation, increases consumption, and improves consumption smoothing across time and states of the world. It increases mobility for young households, who move up the property ladder, and amplifies wealth accumulation for older households, who take more risk in their financial portfolio.

Scope of Project

Subject Terms: housing wealth; collateral effect; home ownership

JEL Classification:
      D12 Consumer Economics: Empirical Analysis
      D31 Personal Income, Wealth, and Their Distributions
      E21 Macroeconomics: Consumption; Saving; Wealth
      G11 Portfolio Choice; Investment Decisions
      H31 Fiscal Policies and Behavior of Economic Agents: Household
      J22 Time Allocation and Labor Supply
      R21 Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
      R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics
      R51 Finance in Urban and Rural Economies

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Published Versions

V1 [2023-11-22]

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