Professor Paul Goldsmith-Pinkham will be presenting "The Gender Gap in Housing Returns "
Using detailed data on housing transactions across the United States since 1991, we find that single men earn 1.5 percentage points higher returns per year on housing relative to single women. Approximately 45% of the gap can be explained by differences in the location and timing of transactions. The remaining gap is due to a 2% gender difference in execution prices at purchase and sale, arising from differences in the choice of initial list prices and negotiated discounts. Overall, the gender gap in housing explains 30% of the gender gap in wealth accumulation at retirement for the median household.