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Homeownership and subjective well-being

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Author Info

  • Bloze, Gintautas

    () (Department of Business and Economics)

  • Skak, Morten

    () (Department of Business and Economics)

Abstract

Favouring homeownership is an important part of housing policies in many countries. Although this may be explained by the preferences of the majority of voters, it may also be because homeownership is believed to have positive effects on individuals’ behaviour and welfare. Previous research seems to indicate that homeownership increases individual welfare, but it is difficult to control for all other factors that may influence and bias the results. Based on panel data from Danish surveys on living conditions from the years 1976, 1986 and 2000, the paper presents an analysis of homeownership and subjective well-being.

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File URL: http://static.sdu.dk/mediafiles//2/D/2/%7B2D2A4A06-0048-4B44-946E-4DEE789B30E7%7Ddpbe5_2010.pdf
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Bibliographic Info

Paper provided by Department of Business and Economics, University of Southern Denmark in its series Discussion Papers of Business and Economics with number 5/2010.

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Length: 18 pages
Date of creation: 23 Sep 2010
Date of revision:
Handle: RePEc:hhs:sdueko:2010_005

Contact details of provider:
Postal: Department of Business and Economics, University of Southern Denmark, Campusvej 55, DK-5230 Odense M, Denmark
Phone: 65 50 32 33
Fax: 65 50 32 37
Email:
Web page: http://www.sdu.dk/ivoe
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Keywords: Homeownership; Subjective well-being; Panel data;

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References

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  1. David G. Blanchflower & Andrew J. Oswald, 2007. "Hypertension and Happiness across Nations," NBER Working Papers 12934, National Bureau of Economic Research, Inc.
  2. Carol Graham, 2005. "Insights on Development from the Economics of Happiness," World Bank Research Observer, World Bank Group, vol. 20(2), pages 201-231.
  3. Bruno S. Frey & Alois Stutzer, 2001. "What Can Economists Learn from Happiness Research?," CESifo Working Paper Series 503, CESifo Group Munich.
  4. Blanchflower, David G. & Oswald, Andrew J., 2007. "Is Well-being U-Shaped over the Life Cycle?," The Warwick Economics Research Paper Series (TWERPS) 826, University of Warwick, Department of Economics.
  5. Oswald, A.J., 1997. "Happiness and Economic Performance," Papers 18, Centre for Economic Performance & Institute of Economics.
  6. Edward L. Glaeser & Bruce Sacerdote, 2000. "The Social Consequences of Housing," NBER Working Papers 8034, National Bureau of Economic Research, Inc.
  7. Hansen, Jørgen Drud & Skak, Morten, 2008. "Adaptation investments and homeownership," Journal of Housing Economics, Elsevier, vol. 17(1), pages 102-115, March.
  8. Paul Frijters & John P. Haisken-DeNew & Michael A. Shields, 2004. "Investigating the Patterns and Determinants of Life Satisfaction in Germany Following Reunification," Journal of Human Resources, University of Wisconsin Press, vol. 39(3).
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