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Residential Immobility of the Elderly: An Empirical Investigation

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  • James D. Reschovsky
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    Abstract

    This paper investigates the reasons for the substantially lower residential mobility rates among the elderly than the non-elderly. Households with low propensities to move are posited to be those that face few benefits from moving-that is, they are near equilibrium with respect to their housing consumption and tenure choice-or those that face large costs to moving. Using household data from the Panel Study of Income Dynamics, measures of housing disequilibrium and tenure disequilibrium were constructed. Elderly renters were found to be largely in equilibrium and would benefit little from moving. In contrast, elderly homeowners are more likely to be in substantial disequilibrium than their younger counterparts. Conclusions as to which costs to moving are most salient could not be made. Copyright American Real Estate and Urban Economics Association.

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    Bibliographic Info

    Article provided by American Real Estate and Urban Economics Association in its journal Real Estate Economics.

    Volume (Year): 18 (1990)
    Issue (Month): 2 ()
    Pages: 160-183

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    Handle: RePEc:bla:reesec:v:18:y:1990:i:2:p:160-183

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    Cited by:
    1. Russell James, 2008. "Residential Satisfaction of Elderly Tenants in Apartment Housing," Social Indicators Research, Springer, vol. 89(3), pages 421-437, December.
    2. VanderHart, Peter G., 1998. "The Housing Decisions of Older Households: A Dynamic Analysis," Journal of Housing Economics, Elsevier, vol. 7(1), pages 21-48, March.
    3. Megbolugbe, Isaac & Sa-Aadu, J. & Shilling, James D., 1999. "Elderly Female-Headed Households and the Decision to Trade Down," Journal of Housing Economics, Elsevier, vol. 8(4), pages 285-300, December.
    4. Forgionne, G. A., 1996. "Forecasting army housing supply with a DSS-delivered econometric model," Omega, Elsevier, vol. 24(5), pages 561-576, October.

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