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Residential Mobility of the European Elderly

Author

Listed:
  • Viola Angelini
  • Anne Laferrère

Abstract

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.

Suggested Citation

  • Viola Angelini & Anne Laferrère, 2012. "Residential Mobility of the European Elderly," CESifo Economic Studies, CESifo, vol. 58(3), pages 544-569, September.
  • Handle: RePEc:oup:cesifo:v:58:y:2012:i:3:p:544-569
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    File URL: http://hdl.handle.net/10.1093/cesifo/ifr017
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    Cited by:

    1. Bénédicte H. Apouey & Isabelle Chort, 2018. "Are rising house prices really good for your brain? House value and cognitive functioning among older Europeans," Working Papers hal-02141060, HAL.
    2. Sebastian Scheuer & Dagmar Haase & Annegret Haase & Nadja Kabisch & Manuel Wolff & Nina Schwarz & Katrin Großmann, 2020. "Combining tacit knowledge elicitation with the SilverKnETs tool and random forests – The example of residential housing choices in Leipzig," Environment and Planning B, , vol. 47(3), pages 400-416, March.
    3. 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.
    4. D. Isebaert, 2013. "Housing Tenure and Geographical Mobility in Belgium," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 13/855, Ghent University, Faculty of Economics and Business Administration.
    5. French, Declan & McKillop, Donal & Sharma, Tripti, 2018. "What determines UK housing equity withdrawal in later life?," Regional Science and Urban Economics, Elsevier, vol. 73(C), pages 143-154.
    6. Alexandra Schaffar & Michel Dimou & El Mouhoub Mouhoud, 2019. "The determinants of elderly migration in France," Papers in Regional Science, Wiley Blackwell, vol. 98(2), pages 951-972, April.
    7. Isabelle CHORT & Bénédicte APOUEY, 2018. "Are rising house prices really good for your brain? House value and cognitive functioning among older Europeans," Working Papers 2017-2018_7, CATT - UPPA - Université de Pau et des Pays de l'Adour, revised Oct 2018.
    8. Matthias Firgo & Ulrike Famira-Mühlberger, 2014. "Ausbau der stationären Pflege in den Bundesländern. Quantitative und qualitative Effekte des Einsatzes öffentlicher Mittel im Vergleich zur mobilen Pflege," WIFO Studies, WIFO, number 47447.

    More about this item

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R28 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Government Policy

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