Table 3. The association between the unemployment rate and home and car ownership by relationship status and race/ethnicity.

	Home Ownership		Car Ownership
	OLS	FE	OLS	FE
	(1)	(2)	(3)	(4)
Married
Unemployment rate	-0.002	-0.003	-0.002	-0.004
	[0.006]	[0.005]	[0.004]	[0.004]
N—mother-years	3,905	3,905	3,942	3,942
N—changers		326		195
% change1	-1.8%	-2.7%	-1.1%	-2.2%
Cohabiting
Unemployment rate	-0.006	-0.007**	0	0
	[0.004]	[0.004]	[0.005]	[0.004]
N—mother-years	5,634	5,655	5,727	5,748
N—changers		349		686
% change	-17.6%	-20.6%	0.0%	-0.0%
Single
Unemployment rate	-0.009*	-0.004	-0.011*	-0.015***
	[0.004]	[0.003]	[0.006]	[0.005]
N—mother-years	6,138	6,166	6,047	6,075
N—changers		271		796
% change	-34.5%	-20.0%	-11.0%	-15.0%
White
Unemployment rate	-0.004	-0.008	0.003	0
	[0.006]	[0.005]	[0.003]	[0.004]
N—mother-years	3,437	3,438	3,434	3,435
N—changers		326		195
% change	-3.6%	-7.3%	1.7%	-0.0%
Black
Unemployment rate	-0.004	-0.001	-0.010*	-0.012***
	[0.004]	[0.003]	[0.005]	[0.004]
N—mother-years	7,599	7,637	7,552	7,590
N—changers		349		686
% change	-3.6%	-3.50%	-11.1%	-33.3%
Hispanic
Unemployment rate	-0.014**	-0.009**	0	0.002
	[0.005]	[0.004]	[0.004]	[0.005]
N—mother-year	4,068	4,078	4,155	4,165
N—changers		271		796
% change	-31.8%	-20.5%	0.0%	1.5%

Note: OLS = ordinary least squares. FE = individual fixed-effects. i) The sample is pooled and includes all mothers in waves 2–5 who report information on assets; ii) Models in columns 1 and 3 control for mother individual characteristics, baseline city and wave fixed-effects, and errors are clustered at the baseline city and mother levels (see Eq 1); iii) Models in columns 2 and 4 control for wave fixed-effects and mother specific fixed-effects (see Eq 2); iv) Standard errors are shown in brackets.

¹ The predicted percent change in home and car ownership is calculated based on a 5 percentage point increase in the unemployment rate (UR) in year 9 (wave 5).

*** p<0.01

** p<0.05

* p<0.1