IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v54y2017i14p3360-3379.html
   My bibliography  Save this article

Local house prices, parental background and young adults’ homeownership in England and Wales

Author

Listed:
  • Rory Coulter

Abstract

Financial constraints are thought to be making parental support an increasingly influential factor in the homeownership transitions of young Britons. This could inhibit social mobility, exacerbate the intergenerational transmission of wealth and deepen housing inequality. Although research shows that parental socio-economic advantage is associated with filial homeownership, less is known about whether these relationships are particularly pronounced in expensive housing markets where access to homeownership is often more constrained. This study tests this hypothesis by enriching the Office for National Statistics Longitudinal Study of England and Wales with data on local transactional house prices. Multilevel models indicate that disparities in the odds of homeownership between young adults with more and less socio-economically advantaged parents tend to deepen with increasing house prices. This pattern is most noticeable for women. However, parents and prices only intersect to greatly stratify the probability of homeownership when young adults’ circumstances are otherwise conducive to owning.

Suggested Citation

  • Rory Coulter, 2017. "Local house prices, parental background and young adults’ homeownership in England and Wales," Urban Studies, Urban Studies Journal Limited, vol. 54(14), pages 3360-3379, November.
  • Handle: RePEc:sae:urbstu:v:54:y:2017:i:14:p:3360-3379
    as

    Download full text from publisher

    File URL: http://usj.sagepub.com/content/54/14/3360.abstract
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:54:y:2017:i:14:p:3360-3379. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (SAGE Publications). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.