The Dynamics of Homeownership Among the 50+ in Europe

29 Pages Posted: 4 Apr 2012

See all articles by Viola Angelini

Viola Angelini

University of Groningen - Faculty of Economics and Business; Netspar

Agar Brugiavini

Ca Foscari University of Venice - Dipartimento di Economia

Guglielmo Weber

University of Padova - Department of Economics; Centre for Economic Policy Research (CEPR); Institute for Fiscal Studies (IFS)

Date Written: March 2012

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

JEL Classification: D19, E21

Suggested Citation

Angelini, Viola and Brugiavini, Agar and Weber, Guglielmo, The Dynamics of Homeownership Among the 50+ in Europe (March 2012). CEPR Discussion Paper No. DP8889, Available at SSRN: https://ssrn.com/abstract=2034107

Viola Angelini (Contact Author)

University of Groningen - Faculty of Economics and Business ( email )

Postbus 72
9700 AB Groningen
Netherlands

Netspar ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Agar Brugiavini

Ca Foscari University of Venice - Dipartimento di Economia ( email )

Cannaregio 873
Venice, 30121
Italy

Guglielmo Weber

University of Padova - Department of Economics ( email )

via Del Santo 33
Padova, 35123
Italy
+39 049 827 4271 (Phone)
+39 049 827 4221 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Institute for Fiscal Studies (IFS) ( email )

7 Ridgmount Street
London, WC1E 7AE
United Kingdom

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