International Journal of Human Ecology

The Korean Home Economics Association (대한가정학회)
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Determinants of Housing Down Payment Sources Among Baby Boomer Households in the U.S.

  • Lee, Yoon G. (Dept. of Family, Consumer & Human Development, Utah State University) ;
  • Steele, Bonny Lewellyn (Dept. of Family, Consumer & Human Development, Utah State University)
  • Published : 2007.12.30
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Abstract

Using data from the 2001 American Housing Survey, the purpose of this study is to profile the economic and socio-demographic characteristics of baby boomers according to housing down payment sources and to identify determinants of housing down payment sources among baby boomers. Results of the multinomial logistic regression analysis indicated that household income, housing value, age, education, gender, marital status, race, and geographic region were all significant determinants of housing down payment sources among baby boomers. Identification of factors affecting the occurrence of borrowing for housing down payment would aid in the development of financial education programs for baby boomer households.

Keywords

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