Using detailed transactions data across the United States, we find that single women earn 1.5 percentage points lower annualized returns on housing relative to single men. Forty-five percent of the gap is explained by transaction timing and location. The remaining gap arises from a 2% gender difference in execution prices at purchase and sale. Consistent with a negotiation channel, women list for less and experience worse negotiated discounts. The gender gap shrinks in tight markets, where negotiation is replaced by quasi-auctions. Overall, gender differences in housing explain 30% of the gender gap in wealth accumulation for the median household.

中文翻译：

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住房回报的性别差距

使用全美的详细交易数据，我们发现单身女性的住房年化回报率比单身男性低 1.5 个百分点。百分之四十五的差距是由交易时间和地点解释的。剩余的差距是由于购买和销售时的执行价格存在 2% 的性别差异。与谈判渠道一致，女性标价较少，谈判折扣也更差。在紧张的市场中，性别差距缩小，谈判被准拍卖所取代。总体而言，住房方面的性别差异解释了 30% 的中等家庭财富积累方面的性别差异。