Factors Influencing Tenure Choice in European Countries
AbstractHomeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but also in its structure, and this is the focus of this paper. Its aim is to study the impact of microeconomic factors on household's tenure choice, using a cross-country comparative approach. Logit models are constructed for each country using data for year 2000 from the Consortium of Household Panels for European Socio-Economic Research micro-database. The models show that marriage is a significant determinant of the decision to move to homeownership in all analysed countries, while cohabitating households are more likely to rent, except for Denmark. Nationality, income and age proved to be significant explanatory variables in several countries, while staying insignificant in others.
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Bibliographic InfoArticle provided by CEJEME in its journal Central European Journal of Economic Modelling and Econometrics.
Volume (Year): 1 (2009)
Issue (Month): 4 (December)
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Web page: http://cejeme.org/
tenure choice; homeownership; housing;
Other versions of this item:
- Bazyl, Monika, 2009. "Factors influencing tenure choice in European countries," IRISS Working Paper Series 2009-04, IRISS at CEPS/INSTEAD.
- Monika Bazyl, 2009. "Factors influencing tenure choice in European countries," Working Papers 36, Department of Applied Econometrics, Warsaw School of Economics.
- Monika Bazyl, 2009. "Factors Influencing Tenure Choice in European Countries," SOEPpapers on Multidisciplinary Panel Data Research 186, DIW Berlin, The German Socio-Economic Panel (SOEP).
- D10 - Microeconomics - - Household Behavior - - - General
- R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General
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IRISS Working Paper Series
2009-08, IRISS at CEPS/INSTEAD.
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