[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v55y2018i16p3669-3688.html
   My bibliography  Save this article

Urban heritages: How history and housing finance matter to housing form and homeownership rates

Author

Listed:
  • Timothy Blackwell

    (University of Sussex, UK)

  • Sebastian Kohl

    (Max Planck Institute for the Study of Societies, Germany; Uppsala University, Sociology, Institute for Housing and Urban Research)

Abstract
Contemporary Western cities are not uniform, but display a variety of different housing forms and tenures, both between and within countries. We distinguish three general city types in this paper: low-rise, single-family dwelling cities where owner-occupation is the most prevalent tenure form; multi-dwelling building cities where tenants comprise the majority; and multi-dwelling building cities where owner-occupation is the principal tenure form. We argue that historical developments beginning in the 19th century are crucial to understanding this diversity in urban form and tenure composition across Western cities. Our path-dependent argument is twofold. First, we claim that different housing finance institutions engendered different forms of urban development during the late 19th century and had helped to establish the difference between single-family dwelling cities and multi-dwelling building cities by 1914. Second, rather than stemming from countries’ welfare systems or ‘variety of capitalism’, we argue that these historical distinctions have a significant and enduring impact on today’s urban housing forms and tenures. Our argument is supported by a unique collection of data of 1095 historical cities across 27 countries.

Suggested Citation

  • Timothy Blackwell & Sebastian Kohl, 2018. "Urban heritages: How history and housing finance matter to housing form and homeownership rates," Urban Studies, Urban Studies Journal Limited, vol. 55(16), pages 3669-3688, December.
    • Handle: RePEc:sae:urbstu:v:55:y:2018:i:16:p:3669-3688
    DOI: 10.1177/0042098018757414
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0042098018757414
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0042098018757414?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. David G. Blanchflower & Andrew J. Oswald, 2013. "Does High Home-Ownership Impair the Labor Market?," NBER Working Papers 19079, National Bureau of Economic Research, Inc.
    2. Akyeampong,Emmanuel & Bates,Robert H. & Nunn,Nathan & Robinson,James (ed.), 2014. "Africa's Development in Historical Perspective," Cambridge Books, Cambridge University Press, number 9781107041158, September.
    3. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2017. "Macrofinancial History and the New Business Cycle Facts," NBER Macroeconomics Annual, University of Chicago Press, vol. 31(1), pages 213-263.
    4. Mark Dincecco & Massimiliano Gaetano Onorato, 2016. "Military conflict and the rise of urban Europe," Journal of Economic Growth, Springer, vol. 21(3), pages 259-282, September.
    5. Nunn, Nathan, 2014. "Historical Development," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 7, pages 347-402, Elsevier.
    6. Steffen E. Andersen, 2011. "The Evolution of Nordic Finance," Palgrave Macmillan Studies in Banking and Financial Institutions, Palgrave Macmillan, number 978-0-230-29925-2, June.
    7. Eichenbaum, Martin & Parker, Jonathan A. (ed.), . "NBER Macroeconomics Annual 2016," National Bureau of Economic Research Books, University of Chicago Press, number 9780226490229, September.
    8. Oliver W. Lerbs & Christian A. Oberst, 2014. "Explaining the Spatial Variation in Homeownership Rates: Results for German Regions," Regional Studies, Taylor & Francis Journals, vol. 48(5), pages 844-865, May.
    9. Akyeampong,Emmanuel & Bates,Robert H. & Nunn,Nathan & Robinson,James (ed.), 2014. "Africa's Development in Historical Perspective," Cambridge Books, Cambridge University Press, number 9781107691209, September.
    10. Eichenbaum, Martin & Parker, Jonathan A. (ed.), . "NBER Macroeconomics Annual 2017," National Bureau of Economic Research Books, University of Chicago Press, number 9780226577838, July.
    11. Snowden, Kenneth A., 2010. "Covered Farm Mortgage Bonds in the United States During the Late Nineteenth Century," The Journal of Economic History, Cambridge University Press, vol. 70(4), pages 783-812, December.
    12. Timothy Blackwell & Sebastian Kohl, 2018. "The origins of national housing finance systems: a comparative investigation into historical variations in mortgage finance regimes," Review of International Political Economy, Taylor & Francis Journals, vol. 25(1), pages 49-74, January.
    13. Wolf, Nikolaus & Caruana Galizia, Paul, 2016. "Phoenix from the Ashes: Bombs, Homes, and Unemployment in Germany, 1945-2011," CEPR Discussion Papers 11649, C.E.P.R. Discussion Papers.
    14. Kenneth A. Snowden, 2010. "Covered Farm Mortgage Bonds in the Late Nineteenth Century U.S," NBER Working Papers 16242, National Bureau of Economic Research, Inc.
    15. Sebastian Kohl, 2016. "Urban History Matters: Explaining the German--American Homeownership Gap," Housing Studies, Taylor & Francis Journals, vol. 31(6), pages 694-713, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kristin Kjærås, 2024. "The politics of urban densification in Oslo," Urban Studies, Urban Studies Journal Limited, vol. 61(1), pages 40-57, January.
    2. Kristin Kjærås, 2021. "Towards a relational conception of the compact city," Urban Studies, Urban Studies Journal Limited, vol. 58(6), pages 1176-1192, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Diego Comin & Ramana Nanda, 2019. "Financial Development and Technology Diffusion," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(2), pages 395-419, June.
    2. Engelbert Stockhammer & Giorgos Gouzoulis & Rob Calvert Jump, 2019. "Debt-driven business cycles in historical perspective: The cases of the USA (1889-2015) and UK (1882-2010)," Working Papers PKWP1907, Post Keynesian Economics Society (PKES).
    3. Niklas Potrafke & Fabian Ruthardt & Kaspar Wuthrich, 2020. "Protectionism and economic growth: Causal evidence from the first era of globalization," Papers 2010.02378, arXiv.org, revised Mar 2022.
    4. Peter J. Boettke & Alexander W. Salter & Daniel J. Smith, 2018. "Money as meta-rule: Buchanan’s constitutional economics as a foundation for monetary stability," Public Choice, Springer, vol. 176(3), pages 529-555, September.
    5. Rob Luginbuhl, 2020. "Estimation of the Financial Cycle with a Rank-Reduced Multivariate State-Space Model," CPB Discussion Paper 409, CPB Netherlands Bureau for Economic Policy Analysis.
    6. Manuel García‐Santana & Josep Pijoan‐Mas & Lucciano Villacorta, 2021. "Investment Demand and Structural Change," Econometrica, Econometric Society, vol. 89(6), pages 2751-2785, November.
    7. Muscatelli, Anton & Roy, Graeme & Trew, Alex, 2022. "Persistent States: Lessons For Scottish Devolution And Independence," National Institute Economic Review, National Institute of Economic and Social Research, vol. 260, pages 51-63, May.
    8. Michael D. Bordo, 2017. "The Second Era of Globalization Is Not yet Over: An Historical Perspective," Economics Working Papers 17103, Hoover Institution, Stanford University.
    9. Liu, Xianda & Hou, Wenxuan & Main, Brian G.M., 2022. "Anti-market sentiment and corporate social responsibility: Evidence from anti-Jewish pogroms," Journal of Corporate Finance, Elsevier, vol. 76(C).
    10. Òscar Jordà & Alan M. Taylor, 2019. "Riders on the Storm," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    11. Paul Wachtel, 2018. "Credit Deepening: Precursor to Growth or Crisis?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 34-43, March.
    12. Jean-Louis Combes & Pascale Combes Motel, 2022. "Que nous apprend la littérature récente sur la « nature et les causes de la richesse des nations » ?," Mondes en développement, De Boeck Université, vol. 0(3), pages 289-313.
    13. David Wuepper & Hannes Lang & Emmanuel Benjamin, 2020. "Ancestral Ways of Life and Human Capital Formation in Kenya," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 18(4), pages 571-584, December.
    14. Baltussen, Guido & Swinkels, Laurens & Van Vliet, Pim, 2021. "Global factor premiums," Journal of Financial Economics, Elsevier, vol. 142(3), pages 1128-1154.
    15. B. De Backer & M. Deroose & Ch. Van Nieuwenhuyze, 2019. "Is a recession imminent? The signal of the yield curve," Economic Review, National Bank of Belgium, issue i, pages 69-93, June.
    16. Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M Taylor, 2022. "Zombies at Large? Corporate Debt Overhang and the Macroeconomy," The Review of Financial Studies, Society for Financial Studies, vol. 35(10), pages 4561-4586.
    17. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick, 2020. "The College Wealth Divide: Education and Inequality in America, 1956-2016," Review, Federal Reserve Bank of St. Louis, vol. 102(1), pages 19-49.
    18. Dieckelmann, Daniel, 2020. "Cross-border lending and the international transmission of banking crises," Discussion Papers 2020/13, Free University Berlin, School of Business & Economics.
    19. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2020. "The effects of quasi-random monetary experiments," Journal of Monetary Economics, Elsevier, vol. 112(C), pages 22-40.
    20. Boggiano, Bárbara, 2024. "Long-term effects of the Paraguayan War (1864-1870) on intimate partner violence," Journal of Economic Behavior & Organization, Elsevier, vol. 222(C), pages 177-224.

    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:55:y:2018:i:16:p:3669-3688. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

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

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.