Replication data for: Long-Term Impacts of Individual Development Accounts on Homeownership among Baseline Renters: Follow-Up Evidence from a Randomized Experiment

Principal Investigator(s): View help for Principal Investigator(s) Michal Grinstein-Weiss; Michael Sherraden; William G. Gale; William M. Rohe; Mark Schreiner; Clinton Key

Version: View help for Version V1

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Project Citation:

Grinstein-Weiss, Michal, Sherraden, Michael, Gale, William G., Rohe, William M., Schreiner, Mark, and Key, Clinton. Replication data for: Long-Term Impacts of Individual Development Accounts on Homeownership among Baseline Renters: Follow-Up Evidence from a Randomized Experiment. Nashville, TN: American Economic Association [publisher], 2013. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116540V1

Project Description

Summary: We examine the long-term effects of a 1998-2003 randomized experiment in Tulsa, Oklahoma with Individual Development Accounts that offered low-income households 2:1 matching funds for housing down payments. Prior work shows that, among households who rented in 1998, homeownership rates increased more through 2003 in the treatment group than for controls. We show that control group renters caught up rapidly with the treatment group after the experiment ended. As of 2009, the program had an economically small and statistically insignificant effect on homeownership rates, the number of years respondents owned homes, home equity, and foreclosure activity among baseline renters. (JEL D14, H75, R21, R31)

Scope of Project

Subject Terms: Child Development Accounts; CDAs; Individual Development Accounts; IDAs

JEL Classification:
      D14 Household Saving; Personal Finance
      H75 State and Local Government: Health; Education; Welfare; Public Pensions
      R21 Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
      R31 Housing Supply and Markets

Geographic Coverage: United States, Oklahoma, Tulsa

Data Type(s): survey data

Collection Notes: Three panel waves in a randomized social experiment

Methodology

Data Source: Center for Social Development, Washington University in Saint Louis

Unit(s) of Observation: Household,

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Published Versions

V1 [2019-12-07]

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