I am working on a project linking parental homeownership to happiness score of their children and trying to figure out economic reasons whether to treat parental homeownership as endogenous or exogenous in my empirical model.
I have seen a number of studies on individual homeownership and their happiness score not treating homeownership as endogenous but some studies on parental homeownership and academic achievement of their children treating parental homeownership as endogenous. However, they just say that parents who own homes might be different in their characteristics and also in the way they raise their children. I still feel there needs to be more explanation to this if to treat as endogenous. Or should I just treat it as exogenous?