The Park Place Economist


The purpose of this paper is to test family income, race, gender, educational attainment, parental home ownership, age, marital status and family size to determine the factors of home ownership. This paper differs from past research in that it applies human capital investment theory to the home ownership decision. In Section II, I explore the human capital investment theory and adapt it to the home ownership model. Section III develops the empirical model while section IV interprets the results. Section V summarizes the paper and provides concluding remarks.