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Homeownership and Long-Term Care

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  • Jan Rouwendal
  • Fleur Thomese

Abstract

We investigate the relationship between homeownership and institutionalization using longitudinal data from a Dutch community sample ( N = 2372) collected between 1992 and 2005, and find a negative effect of housing tenure on the probability of moving to a nursing home between two subsequent waves. Our discrete time duration model is able to deal with time-varying covariates like health and is flexible with respect to time effects. We have detailed information about health status, presence of a partner and children, neighborhood, and housing. The effect of tenure remains significant after controlling for their impact. A variety of additional potential explanations related to housing wealth and the price of long-term care are found to lack explanatory power. We therefore interpret our findings as the result of a strong desire among the homeowners to stay where they are-in their own property-and the better possibilities that they have-as owners-to realize this desire.

Suggested Citation

  • Jan Rouwendal & Fleur Thomese, 2013. "Homeownership and Long-Term Care," Housing Studies, Taylor & Francis Journals, vol. 28(5), pages 746-763, July.
    • Handle: RePEc:taf:chosxx:v:28:y:2013:i:5:p:746-763
    DOI: 10.1080/02673037.2013.759179
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    References listed on IDEAS

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    1. Janice Compton & Robert A. Pollak, 2009. "Proximity and Coresidence of Adult Children and their Parents: Description and Correlates," Working Papers wp215, University of Michigan, Michigan Retirement Research Center.
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    1. Fehr, Hans & Hofmann, Maurice, 2020. "Tenure choice, portfolio structure and long-term care – Optimal risk management in retirement," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
    2. Sandrine Juin, 2016. "Care for dependent elderly people : dealing with health and financing issues," Erudite Ph.D Dissertations, Erudite, number ph16-02 edited by Thomas Barnay, December.
    3. Carole Bonnet & Sandrine Juin & Anne Laferrère, 2019. "Private Financing of Long‑Term Care: Income, Savings and Reverse Mortgages," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 507-508, pages 5-24.
    4. Maaike Diepstraten & Rudy Douven & Bram Wouterse, 2019. "Can your house keep you out of a nursing home?," CPB Discussion Paper 397, CPB Netherlands Bureau for Economic Policy Analysis.
    5. Raun Ooijen & Rob Alessie & Adriaan Kalwij, 2015. "Saving Behavior and Portfolio Choice After Retirement," De Economist, Springer, vol. 163(3), pages 353-404, September.
    6. Maaike Diepstraten & Rudy Douven & Bram Wouterse, 2019. "Can your house keep you out of a nursing home?," CPB Discussion Paper 397.rdf, CPB Netherlands Bureau for Economic Policy Analysis.

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