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Housing Transactions and the Changing Decisions of Young Households in Britain: The Microeconomic Evidence

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Author Info
Mark Andrew
Geoffrey Meen

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Abstract

In this second of two related papers in this issue, the causes of declining levels of housing transactions in Britain during the 1990s are explored. The lower transaction levels resulted partly from the changing behavior of young individuals. Both household formation and owner-occupation rates of these groups also fell sharply. Using panel data, we investigate the causes of reduced new household formation and owner-occupation, finding that changes in the income distribution away from young cohorts have been an important factor. Copyright 2003 American Real Estate and Urban Economics Association

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/1540-6229.00060
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Publisher Info
Article provided by American Real Estate and Urban Economics Association in its journal Real Estate Economics.

Volume (Year): 31 (2003)
Issue (Month): 1 (03)
Pages: 117-138
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Handle: RePEc:bla:reesec:v:31:y:2003:i:1:p:117-138

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  1. Monika Bazyl, 2009. "Factors Influencing Tenure Choice in European Countries," SOEPpapers 186, DIW Berlin, The German Socio-Economic Panel (SOEP). [Downloadable!]
  2. François Ortalo-Magné & Sven Rady, 2005. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraint," Discussion Papers 50, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
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  3. Bazyl, Monika, 2009. "Factors influencing tenure choice in European countries," IRISS Working Paper Series 2009-04, IRISS at CEPS/INSTEAD. [Downloadable!]
  4. Andrew Benito, . "How does the down-payment constraint affect the UK housing market?," Bank of England working papers 294, Bank of England. [Downloadable!]
  5. Monika Bazyl, 2009. "Factors influencing tenure choice in European countries," Working Papers 36, Department of Applied Econometrics, Warsaw School of Economics. [Downloadable!]
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This page was last updated on 2009-11-22.


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