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Residential Satisfaction for a Continuum of Households: Evidence from European Countries

Author

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  • Riccardo, Borgoni
  • Alessandra, Michelangeli
  • Federica, Pirola

Abstract

Residential satisfaction depends on housing and neighborhood conditions in addition to housing cost affordability. To determine the relative importance of these factors, their average effect is usually estimated using sample data, eventually split in sub-samples in order to represent social classes. A concern about the division of households into groups is that, as groups are modified or group assignment change, results of quantitative analysis applied to such data can dramatically change. This paper follows a subjective well-being approach to study residential satisfaction. We propose a novel empirical strategy independent of the concept of social class, to estimate how the effect of drivers of residential satisfaction change on continuous according to households' income. We apply our methodology to investigate residential satisfaction in 23 European countries using 2012 EU-SILC module on housing conditions. Our results show that: (i) in Europe residential satisfaction is driven first by housing-specific characteristics, followed by neighborhood conditions and individual/household characteristics; (ii) the probability to be satisfied or very satisfied strongly differs across countries, anything else being equal; (iii) residents with different monetary resources attach importance to particular determinants of residential satisfaction.

Suggested Citation

  • Riccardo, Borgoni & Alessandra, Michelangeli & Federica, Pirola, 2018. "Residential Satisfaction for a Continuum of Households: Evidence from European Countries," Working Papers 378, University of Milano-Bicocca, Department of Economics, revised 27 Mar 2018.
  • Handle: RePEc:mib:wpaper:378
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    References listed on IDEAS

    as
    1. Diaz-Serrano, Luis, 2004. "Income Volatility and Residential Mortgage Delinquency: Evidence from 12 EU Countries," IZA Discussion Papers 1396, Institute for the Study of Labor (IZA).
    2. Luis Diaz-Serrano & Alexandrina P. Stoyanova, 2010. "Mobility and housing satisfaction: an empirical analysis for 12 EU countries," Journal of Economic Geography, Oxford University Press, vol. 10(5), pages 661-683, September.
    3. Alison Parkes & Ade Kearns & Rowland Atkinson, 2002. "What Makes People Dissatisfied with their Neighbourhoods?," Urban Studies, Urban Studies Journal Limited, vol. 39(13), pages 2413-2438, December.
    4. Diaz-Serrano, Luis, 2009. "Disentangling the housing satisfaction puzzle: Does homeownership really matter?," Journal of Economic Psychology, Elsevier, vol. 30(5), pages 745-755, October.
    5. Diaz-Serrano, Luis, 2005. "Labor income uncertainty, skewness and homeownership: A panel data study for Germany and Spain," Journal of Urban Economics, Elsevier, vol. 58(1), pages 156-176, July.
    6. M C Deurloo & W A V Clark & F M Dieleman, 1994. "The Move to Housing Ownership in Temporal and Regional Contexts," Environment and Planning A, , vol. 26(11), pages 1659-1670, November.
    7. Esperanza Vera-Toscano & Victoria Ateca-Amestoy, 2008. "The relevance of social interactions on housing satisfaction," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 86(2), pages 257-274, April.
    8. Diaz-Serrano, Luis, 2005. "Income volatility and residential mortgage delinquency across the EU," Journal of Housing Economics, Elsevier, vol. 14(3), pages 153-177, September.
    9. Díaz Serrano, Luis & Ferrer Carbonell, Ada & Hartog, Joop, 2009. "Disentangling the Housing Satisfaction Puzzle: Does Homeownership Really Matter?," Working Papers 2072/42898, Universitat Rovira i Virgili, Department of Economics.
    10. Yee, Thomas W., 2010. "The VGAM Package for Categorical Data Analysis," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 32(i10).
    11. M C Deurloo & W A V Clark & F M Dieleman, 1994. "The move to housing ownership in temporal and regional contexts," Environment and Planning A, Pion Ltd, London, vol. 26(11), pages 1659-1670, November.
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    More about this item

    Keywords

    housing; subjective well-being; Europe; EU-SILC Survey;

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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