My home was my castle: evictions and repossessions in Britain
Using data for 1991 to 1997 from the British Household Panel Survey we investigate the incidence of housing finance problems, evictions and repossessions. Previous research on repossessions and problematic housing debt has focused on cross-sectional data. This paper contributes uniquely to the literature by examining the sequence of household and individual events associated with housing arrears and evictions. Our results show that previous experience of financial problems have a significant and positive association with the current financial situation, and that negative financial surprises are the main route into financial difficulties, controlling for other changes such as divorce or loss of employment. We also confirm the importance of structural, financial and personal factors in determining housing payment problems. Families with higher income, where the head or his/her spouse is in work, and those with greater assets have a lower risk of experiencing problems meeting their housing costs.
|Date of creation:||01 Feb 2000|
|Date of revision:|
|Contact details of provider:|| Postal: Publications Office, Institute for Social and Economic Research, University of Essex, Wivenhoe Park, Colchester, Essex CO4 3SQ UK|
Web page: https://www.iser.essex.ac.uk/
More information through EDIRC
|Order Information:|| Postal: Publications Office, Institute for Social and Economic Research, University of Essex, Wivenhoe Park, Colchester, Essex CO4 3SQ UK|
Web: https://www.iser.essex.ac.uk/publications/ Email:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Brookes, Martin & Dicks, Mike & Pradhan, Mahmood, 1994. "An empirical model of mortgage arrears and repossessions," Economic Modelling, Elsevier, vol. 11(2), pages 134-144, April.
- Stephen Nickell & Tracy Jones & Glenda Quintini, 2000.
"A picture of job insecurity facing British men,"
LSE Research Online Documents on Economics
20141, London School of Economics and Political Science, LSE Library.
- BÃ¶heim, RenÃ© & Taylor, Mark P., 2000.
"Unemployment duration and exit states in Britain,"
ISER Working Paper Series
2000-01, Institute for Social and Economic Research.
- Boozer, Michael A., 1997. "Econometric Analysis of Panel Data Badi H. Baltagi Wiley, 1995," Econometric Theory, Cambridge University Press, vol. 13(05), pages 747-754, October.
- Oswald Andrew J., 1996. "A Conjecture on the Explanation for High Unemployment in the Industrialized Nations : Part I," The Warwick Economics Research Paper Series (TWERPS) 475, University of Warwick, Department of Economics.
- Yoram Weiss & Robert J. Willis, .
"Match Quality, New Information and Marital Dissolution,"
University of Chicago - Population Research Center
95-13, Chicago - Population Research Center.
- Weiss, Yoram & Willis, Robert J, 1997. "Match Quality, New Information, and Marital Dissolution," Journal of Labor Economics, University of Chicago Press, vol. 15(1), pages S293-329, January.
- Weiss, Y. & Willis, R.J., 1995. "Match Quality, New Information and Marital Dissolution," Papers 33-95, Tel Aviv - the Sackler Institute of Economic Studies.
- Kau, James B. & Keenan, Donald C. & Muller III, Walter J. & Epperson, James F., 1995. "The Valuation at Origination of Fixed-Rate Mortgages with Default and Prepayment," The Journal of Real Estate Finance and Economics, Springer, vol. 11(1), pages 5-36, July.
- Alison L. Booth & Marco Francesconi & Carlos Garcia-Serrano, 1999. "Job Tenure and Job Mobility in Britain," ILR Review, Cornell University, ILR School, vol. 53(1), pages 43-70, October.
- Bart Lambrecht & William Perraudin & Stephen Satchell, 1996.
"Time to Default in the U.K. Mortgage Market,"
Archive Working Papers
016, Birkbeck, Department of Economics, Mathematics & Statistics.
- Wadsworth, Jonathan, 1998. "Eyes Down for a Full House: Labour Market Polarisation and the Housing Market in Britain," Scottish Journal of Political Economy, Scottish Economic Society, vol. 45(4), pages 376-92, September.
- Boheim, Rene & Ermisch, John, 2001. " Partnership Dissolution in the UK--The Role of Economic Circumstances," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 63(2), pages 197-208, May.
- Henley, Andrew, 1998. "Residential Mobility, Housing Equity and the Labour Market," Economic Journal, Royal Economic Society, vol. 108(447), pages 414-27, March.
- Henley, Andrew, 1998. "Changes in the Distribution of Housing Wealth in Great Britain, 1985-91," Economica, London School of Economics and Political Science, vol. 65(259), pages 363-80, August.
- Jarvis, Sarah & Jenkins, Stephen P, 1998. "How Much Income Mobility Is There in Britain?," Economic Journal, Royal Economic Society, vol. 108(447), pages 428-43, March.
- Becker, Gary S & Landes, Elisabeth M & Michael, Robert T, 1977. "An Economic Analysis of Marital Instability," Journal of Political Economy, University of Chicago Press, vol. 85(6), pages 1141-87, December.
When requesting a correction, please mention this item's handle: RePEc:ese:iserwp:2000-04. 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: (Jonathan Nears)
If references are entirely missing, you can add them using this form.