By Michael De Groote | Deseret News
Traditional wisdom says homeownership is the central hub of the American Dream. But a recent study raises questions that it may, in fact, kill that dream for many people.
As Stephen Dubner at freakonomics.com said in an early report on this in June: “If this effect is real, and if the mechanisms by which it occurs are true, then this paper is hugely important for policymakers, civic planners and the rest of us.”
The report comes from David G. Blanchflower, an economics professor at Dartmouth, and Andrew J. Oswald, an economics professor at the University of Warwick in England. The hypothesis, sometimes called the “Oswald thesis,” has been around for more than a decade, even though this iteration and study by Oswald and Blanchflower is new.
