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Residential Mobility and Housing Adjustment of Older Households in Europe

Author

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  • Tatsiramos, Konstantinos

    (University of Luxembourg)

Abstract

This paper investigates the determinants of residential mobility of older households (above 50 years old) and the adjustment of housing for those who move employing individual data from the European Community Household Panel. Although homeowners are less likely to move compared to renters, an increase in mobility rates is observed for older age homeowners. Moreover, having an outstanding home loan, retirement, the death of a spouse, and excessive housing costs, are significantly associated with a move in central and northern European countries, but not in the south. Analyzing the transitions from the current tenure choice after a move takes place, based on a competing risk hazard model, an increasing transition out of the current residence for old-age homeowners is found, indicating some dissaving later in life. The direction of the transitions is mostly from ownership to renting. However, especially in countries in central and northern Europe, transitions from ownership to ownership are also observed, which are associated with a reduction in the home size.

Suggested Citation

  • Tatsiramos, Konstantinos, 2006. "Residential Mobility and Housing Adjustment of Older Households in Europe," IZA Discussion Papers 2435, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izadps:dp2435
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    File URL: https://docs.iza.org/dp2435.pdf
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    Citations

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    Cited by:

    1. Laurent Gobillon & François-Charles Wolff, 2009. "Housing and location choices of retiring households: Evidence from France," PSE Working Papers hal-00424096, HAL.
    2. Costa-Font, Joan & Vilaplana-Prieto, Cristina, 2022. "Health shocks and housing downsizing: How persistent is ‘ageing in place’?," Journal of Economic Behavior & Organization, Elsevier, vol. 204(C), pages 490-508.
    3. Mathilde Lemoine & Etienne Wasmer, 2010. "Les mobilités des salariés," SciencePo Working papers hal-01064420, HAL.
    4. Viola Angelini & Anne Laferrère, 2012. "Residential Mobility of the European Elderly," CESifo Economic Studies, CESifo Group, vol. 58(3), pages 544-569, September.
    5. Laurent Gobillon & Francois-Charles Wolff, 2011. "Housing and Location Choices of Retiring Households: Evidence from France," Urban Studies, Urban Studies Journal Limited, vol. 48(2), pages 331-347, February.
    6. Anna van der Schors & Rob J.M. Alessie & Mauro Mastrogiacomo, 2007. "Home and Mortgage Ownership of the Dutch Elderly: Explaining Cohort, Time and Age Effects," Social and Economic Dimensions of an Aging Population Research Papers 183, McMaster University.
    7. Maria Chiuri & Tullio Jappelli, 2010. "Do the elderly reduce housing equity? An international comparison," Journal of Population Economics, Springer;European Society for Population Economics, vol. 23(2), pages 643-663, March.
    8. Miriam Beblo & Sven Schreiber, 2022. "Leisure and housing consumption after retirement: new evidence on the life-cycle hypothesis," Review of Economics of the Household, Springer, vol. 20(1), pages 305-330, March.
    9. Mathilde Lemoine & Etienne Wasmer, 2010. "Les mobilités des salariés," Sciences Po publications info:hdl:2441/5l6uh8ogmqi, Sciences Po.
    10. GLUMAC Brano & CABALLE FABRA Gemma, 2018. "Housing in a Mobile World: A Definition of Flexible Housing and the Classification of Solutions," LISER Working Paper Series 2018-16, Luxembourg Institute of Socio-Economic Research (LISER).
    11. Timothy Smeeding & Eva Sierminska & Andrea Brandolini, 2006. "Cross National Comparison of Income and Wealth Status in Retirement: First Results from the Luxembourg Wealth Study (LWS)," LWS Working papers 2, LIS Cross-National Data Center in Luxembourg.
    12. Bonnet, Carole & Gobillon, Laurent & Laferrère, Anne, 2010. "The effect of widowhood on housing and location choices," Journal of Housing Economics, Elsevier, vol. 19(2), pages 94-108, June.
    13. Ana Isabel Ribeiro & Elias Teixeira Krainski & Marilia Sá Carvalho & Guy Launoy & Carole Pornet & Maria de Fátima Pina, 2018. "Does community deprivation determine longevity after the age of 75? A cross-national analysis," International Journal of Public Health, Springer;Swiss School of Public Health (SSPH+), vol. 63(4), pages 469-479, May.
    14. Zaiceva, A. & Zimmermann, K.F., 2016. "Migration and the Demographic Shift," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 119-177, Elsevier.
    15. Riccardo Calcagno & Maria Cesira Urzi Brancati, 2014. "Do more financially literate households invest less in housing? Evidence from Italy," Economics Bulletin, AccessEcon, vol. 34(1), pages 430-445.
    16. Anna Schors & Rob Alessie & Mauro Mastrogiacomo, 2007. "Notes and Communications," De Economist, Springer, vol. 155(1), pages 99-121, March.
    17. Anna van der Schors & Rob Alessie & Mauro Mastrogiacomo, 2007. "Home and mortgage ownership of the Dutch elderly; explaining cohort, time and age effects," CPB Discussion Paper 77.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    18. 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.
    19. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h482ogtg2 is not listed on IDEAS
    20. Hassink, Wolter & Zweerink, Jochem, 2021. "Housing careers and the Great Recession," Journal of Housing Economics, Elsevier, vol. 51(C).

    More about this item

    Keywords

    residential mobility; ageing; housing tenure choice; competing risk hazard;
    All these keywords.

    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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