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The Dynamics of Homeownership Among the 50+ in Europe

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  • Angelini, Viola
  • Brugiavini, Agar
  • Weber, Guglielmo

Abstract

We use life history data covering households in thirteen European countries to analyse residential moves past age 50. We observe four types of moves: renting to owning, owning to renting, trading up or trading down for home-owners. We find that in the younger group (aged 50-64) trading up and purchase decisions prevail; in the older group (65+), trading down and selling are more common. Overall, moves are rare, particularly in Southern European countries. Most moves are driven by changes in household composition (divorce, widowhood, nest-leaving by children), but economic factors play a role: low income households who are house-rich and cash-poor are more likely to sell their home late in life.

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Bibliographic Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 8889.

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Date of creation: Mar 2012
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Handle: RePEc:cpr:ceprdp:8889

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Keywords: housing; life-cycle;

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Cited by:
  1. Daniele Vignoli & Maria Letizia Tanturri & Francesco Acciai, 2014. "Home Bitter Home? Gender, Living Arrangements, and the Exclusion from Home-Ownership among Older Europeans," Econometrics Working Papers Archive 2014_05, Universita' degli Studi di Firenze, Dipartimento di Statistica, Informatica, Applicazioni "G. Parenti".

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