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A mixed logit model analysis of residential choices of the young-elderly in the Montreal metropolitan area

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  • Marois, Guillaume
  • Lord, Sébastien
  • Morency, Catherine

Abstract

The residential choices of seniors are an important issue to be considered in both social sciences and in urban planning. In this study, we aimed to analyze how the young-elderly in the Montreal metropolitan area deal with the duality opposing a dwelling's characteristics with those of the neighborhood in their residential choices. Therefore, those who move need to make choices within the constraints of both dwelling and neighborhood characteristics. We employed a statistical approach combining both dwelling and neighborhood characteristics from the 2011 National Household Survey (2011 NHS) and geospatial data, first in separate models and then in a joint model. Our results revealed that the general characteristics of an ideal home of retirees are 3 to 4 rooms, a high-rise building, and a low-density neighborhood. We noted that the geographical location of the previous dwelling is an important determinant of the geographical location of the new one, suggesting a strong territorial attachment among the young-elderly. By stratifying the model with the income quintile, we noted that choices varied widely according to the socioeconomic profile. Thus, for the lower-class of young-elderly, housing costs are a predominant factor, while condos are the preferred housing tenure of the upper class, who also sought to live in a wealthy neighborhood. This segregation dynamic may lead to territorial segmentation, where the upper class seeks to live apart from the rest of the population.

Suggested Citation

  • Marois, Guillaume & Lord, Sébastien & Morency, Catherine, 2019. "A mixed logit model analysis of residential choices of the young-elderly in the Montreal metropolitan area," Journal of Housing Economics, Elsevier, vol. 44(C), pages 141-149.
  • Handle: RePEc:eee:jhouse:v:44:y:2019:i:c:p:141-149
    DOI: 10.1016/j.jhe.2018.08.004
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