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Title: The Marriage Boom and Home Mortgage Insurance

Citation Type: Conference Paper

Publication Year: 2011

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Abstract: The "marriage boom" was a major determinant of the "baby boom" in the United States. One of the best-known explanations for these phenomena is Easterlin's relative cohort model. Using an age-period-cohort model of marriage this paper will try to show that the marriage boom is not a cohort effect but mostly a period effect. Previous explanations have ignored the fact that the marriage boom started immediately after the National Housing Act of 1934 established the Federal Housing Administration to oversee a program of home mortgage insurance against default. This paper shows that a period factor, the Federal Housing Administration and Veteran Affairs shares of total mortgage originations, explains most of the marriage boom.

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Authors: Schellekens, J.Jona

Conference Name: Population Association of America

Publisher Location: Washington, D.C.

Data Collections: IPUMS USA

Topics: Family and Marriage

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