Do the Elderly Reduce Housing Equity? An International Comparison

No 436, LIS Working papers from LIS Cross-National Data Center in Luxembourg

Abstract: We explore the shape of the elderly homeownership rate using a collection of microeconomic surveys of 17 OECD countries. In most, the survey is repeated over time. This allows us to construct an international dataset of repeated cross-sectional data, merging 59 national household surveys on about 300,000 individuals. We find that ownership rates decline considerably after age 60 in most countries. However, a large part of the decline should be attributed to cohort effects. After adjusting for such effects, we find that ownership rates fall after age 70 at a rate of about half a percentage point per year. Interestingly, ownership trajectories are quite similar across countries with the exceptions of Finland and Canada - and unrelated to a wide set of indicators that we examine.

Pages: 28 pages
Date: 2006-06
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Citations: View citations in EconPapers (9)

Published in Journal of Population Economics 23, no.2 (2010): 643-663

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Related works:
Journal Article: Do the elderly reduce housing equity? An international comparison (2010)
Working Paper: Do the elderly reduce housing equity? An international comparison (2008)
Working Paper: Do the elderly reduce housing equity? An international comparison (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:lis:liswps:436

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