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Homeownership in the 1980s and 1990s: Aggregate Trends and Racial Gaps
Housing policy under the Clinton and Bush Administrations has sought to boost homeownership while also narrowing racial gaps in owner-occupancy rates. Against that backdrop, homeownership rose sharply in the 1990s, but white minority gaps remain in excess of 25 percentage points. This paper analyzes these patterns using data from the...
Homeownership, Race, and the American Dream
In recent years, much of U.S. federal housing policy has focused on two complimentary goals: to increase U.S. homeownership rates while also narrowing enormous and longstanding racial gaps in homeownership. Against this backdrop, the U.S. homeownership rate rose to historic highs in the 1990s, reaching 67.3 percent in 2001, but...
Growing, Growing, Gone: Cascades, Diffusion, and Turning Points in the Product Life Cycle
The product life cycle PLC is the result of multiple supply and demand forces. However, past research has focused primarily on the role of diffusion in driving the PLC. This study takes a step toward a broader theoretical perspective on the PLC by incorporating informational cascades and developing and testing...
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