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Residential Mobility of the European Elderly

  • Viola Angelini
  • Anne Laferrère

With the ageing of the European population, the housing choices of the large elderly cohorts will have consequences on the whole housing market. This article combines micro data from two waves of the Survey of Health, Ageing and Retirement in Europe (SHARE) with macro data on housing policy to analyse the residential mobility decisions of the elderly in 11 European countries. Residential mobility is low, but we find some evidence that those who move in old age tend to reduce housing consumption and investment by going from owning to renting. This 'downsizing' is positively linked to housing capital gains, while the existence of reverse mortgages in a country reduces it. We also find that mobility to nursing homes and mobility between private homes respond to different incentives and motivations. (JEL codes: D10, R21, R28). Copyright The Author 2011. Published by Oxford University Press on behalf of Ifo Institute for Economic Research, Munich. All rights reserved. For permissions, please email: journals.permissions@oup.com, Oxford University Press.

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File URL: http://hdl.handle.net/10.1093/cesifo/ifr017
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Article provided by CESifo in its journal CESifo Economic Studies.

Volume (Year): 58 (2012)
Issue (Month): 3 (September)
Pages: 544-569

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Handle: RePEc:oup:cesifo:v:58:y:2012:i:3:p:544-569
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  1. James Banks & Richard Blundell & Zoë Oldfield & James P. Smith, 2007. "Housing Price Volatility and Downsizing in Later Life," NBER Working Papers 13496, National Bureau of Economic Research, Inc.
  2. Joëlle Gaymu & Peter Ekamper & Gijs Beets, 2007. "Qui prendra en charge les Européens âgés dépendants en 2030 ?," Population (french edition), Institut National d'Études Démographiques (INED), vol. 62(4), pages 789-822.
  3. Carole Bonnet & Laurent Gobillon & Anne Laferrere, 2008. "The Effect of Widowhood on Housing and Location Choices," Working Papers 2008-12, Centre de Recherche en Economie et Statistique.
  4. Chiuri, Maria Concetta & Jappelli, Tullio, 2008. "Do the elderly reduce housing equity? An international comparison," CFS Working Paper Series 2008/20, Center for Financial Studies (CFS).
  5. Boehm, Thomas P. & Schlottmann, Alan, 2006. "A comparison of household mobility for owned manufactured, traditional owned, and rental units using the American Housing Survey," Journal of Housing Economics, Elsevier, vol. 15(2), pages 126-142, June.
  6. Tatsiramos, Konstantinos, 2006. "Residential Mobility and Housing Adjustment of Older Households in Europe," IZA Discussion Papers 2435, Institute for the Study of Labor (IZA).
  7. Axel Borsch-Supan & Vassilis Hajivassiliou & Laurence J. Kotlikoff & John N. Morris, 1990. "Health, Children, and Elderly Living Arrangements: A Multiperiod-Multinomial Probit Model with Unobserved Heterogeneity and Autocorrelated Errors," NBER Working Papers 3343, National Bureau of Economic Research, Inc.
  8. Claude Taffin & Thierry Debrand, 2005. "Les facteurs structurels et conjoncturels de la mobilité résidentielle depuis 20 ans," Économie et Statistique, Programme National Persée, vol. 381(1), pages 125-146.
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