IPR Seminar Series - Dr. Joe LaBriola

Joe LaBriola, Headshot
September 19, 2023
12:30PM - 1:30PM
Townshend Hall 038

Date Range
Add to Calendar 2023-09-19 12:30:00 2023-09-19 13:30:00 IPR Seminar Series - Dr. Joe LaBriola Dr. Joe LaBriola, University of Michigan, Survey Research Center Research Assistant Professor Title: Housing Affordability, Parental Wealth, and the Transition to Homeownership Abstract: Homeownership is associated with many social and economic benefits and has long been viewed as a marker of the American Dream. However, the housing affordability crisis has made the transition to homeownership more difficult for young adults. In this talk, I extend research on the importance of parental wealth for transitioning to homeownership by examining whether less affordable housing makes parental wealth a more important determinant of transitioning to homeownership. Using geocoded data from the Panel Study of Income Dynamics, I find that first-time homeowners who buy homes in less affordable neighborhoods have significantly wealthier parents, and are much more likely to have received financial assistance from their family, than first-time homeowners who buy in more affordable neighborhoods. I discuss the implications of these findings for our understanding of the intergenerational transmission of advantage in the contemporary United States.  To attend by zoom, register in advance: https://osu.zoom.us/meeting/register/tJIrf-Gprz4pG9M1x9dwYZHEyyLnZib9ypmo  Student and Faculty members interested in meeting with the guest, please sign up:  https://docs.google.com/spreadsheets/d/11OQhZ9KqatFa2Z4tsW1eonrVMPQM95S0FCjwJ3WV5eQ/edit?usp=sharing  Townshend Hall 038 Institute for Population Research popcenter@osu.edu America/New_York public

Dr. Joe LaBriola, University of Michigan, Survey Research Center Research Assistant Professor

Title: Housing Affordability, Parental Wealth, and the Transition to Homeownership

Abstract: Homeownership is associated with many social and economic benefits and has long been viewed as a marker of the American Dream. However, the housing affordability crisis has made the transition to homeownership more difficult for young adults. In this talk, I extend research on the importance of parental wealth for transitioning to homeownership by examining whether less affordable housing makes parental wealth a more important determinant of transitioning to homeownership. Using geocoded data from the Panel Study of Income Dynamics, I find that first-time homeowners who buy homes in less affordable neighborhoods have significantly wealthier parents, and are much more likely to have received financial assistance from their family, than first-time homeowners who buy in more affordable neighborhoods. I discuss the implications of these findings for our understanding of the intergenerational transmission of advantage in the contemporary United States. 

To attend by zoom, register in advance: https://osu.zoom.us/meeting/register/tJIrf-Gprz4pG9M1x9dwYZHEyyLnZib9ypmo 

Student and Faculty members interested in meeting with the guest, please sign up:  https://docs.google.com/spreadsheets/d/11OQhZ9KqatFa2Z4tsW1eonrVMPQM95S0FCjwJ3WV5eQ/edit?usp=sharing