The Dynamics of Homeownership Among the 50+ in Europe

Guglielmo Weber, Agar Brugiavini and Viola Angelini

No 8889, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We use life history data covering households in thirteen European countries to analyse residential moves past age 50. We observe four types of moves: renting to owning, owning to renting, trading up or trading down for home-owners. We find that in the younger group (aged 50-64) trading up and purchase decisions prevail; in the older group (65+), trading down and selling are more common. Overall, moves are rare, particularly in Southern European countries. Most moves are driven by changes in household composition (divorce, widowhood, nest-leaving by children), but economic factors play a role: low income households who are house-rich and cash-poor are more likely to sell their home late in life.

Keywords: Housing; Life-cycle (search for similar items in EconPapers)
JEL-codes: D19 E21 (search for similar items in EconPapers)
Date: 2012-03
New Economics Papers: this item is included in nep-age, nep-eec, nep-eur and nep-ure
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Citations: View citations in EconPapers (7)

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Journal Article: The dynamics of homeownership among the 50+ in Europe (2014)
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