近日，我院副教授张思思老师合作论文"Does Homeownership Protect Individuals from Economic Hardship During Housing Busts?"（合作者：Robert Lerman）被国际期刊Housing Policy Debate接收发表。

Abstract:Does homeownership protect individuals from experiencing economic hardships even during housing busts? Does the relationship differ by race and ethnicity? Using the Survey of Income and Program Participation 2008 panel in the United States and controlling for income and various family characteristics, we find that the likelihood of experiencing any hardship is 5.6 percentage point lower for homeowners than for renters without rent subsidies, a reduction of about 25 percent. Owning a home over ten years provides more protection than owning a home fewer than four years. Homeownership’s role in shielding people from economic hardship is significant not only for non-Hispanic whites, but also for non-Hispanic blacks and Hispanics. The negative relationship of homeownership and economic hardship offers additional evidence that it is beneficial to own your home, even during housing busts and even for households of color.