Home

Why Women Earn Lower Real Estate Returns

Abstract Views
1
Author
Anastasia Girshina Laurent Bach Paolo Sodini
Category
Financial
Date Posted
Date Retrieved
2022/09/26
Date Revised
Date Written
Description
Using repeat-sales data on apartments in Sweden we estimate the gender gap in housingreturns. We confirm that single women’s returns gross of renovations are lower than single men’s by more than 2% that half of this gap is due to market timing and that the gendergap is concentrated in short holding period. Adding administrative data on renovationexpenses and traders’ background we find that women are much less likely to specialize inreal estate professional activities and undertake renovations. Professional transactions haveshort holding periods and account for 25% of all transactions even though they representonly 10% of the housing stock. Among sellers who are not real estate professionals thegender gap shrinks to 0.3% and it fully disappears once renovations are accounted for.We find no evidence supporting the alternative explanation that women are unwilling tobargain hard for housing.
Downloads
1
Exports
0
JEL Classifications
G5 G11
Keywords
Gender gap real estate returns
News Mentions
0
Pages
34
Random
309
Readers
0
Shares and Likes
0
Tweets
0
URL
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4230268
TOP