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Do the elderly reduce housing equity? An international comparison

Journal of Population Economics

Author: Chiuri, M., Jappelli, T.
Year: 2010
Type: Journal Article

Abstract:

We explore the pattern of elderly homeownership using 60 microeconomic surveys on about 300,000 individuals residing in 15 OECD countries. In all countries, the survey is repeated over time, permitting construction of an international dataset of repeated cross-sectional data. We find that ownership rates decline considerably after age 60. However, a large part of the decline depends on cohort effects. Adjusting for them, we find that ownership rates start falling after age 70 and reach a percentage point per year decline after age 75. We find that differences across country ownership trajectories are correlated with indicators measuring market regulation degree.


Further Details

Full Title Journal of Population Economics
Pages 643-663
Volume 23
Issue 2
Publisher Springer Berlin / Heidelberg
ISBN/ISSN 0933-1433
Accession Number Dec, 2011
Notes Print discarded
Electronic Resource Number 10.1007/s00148-008-0217-4
Keywords Older, housing, OECD

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