Do the elderly reduce housing equity? An international comparison

Maria Chiuri and Tullio Jappelli ()

CSEF Working Papers from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy

Abstract: We explore the pattern of elderly homeownership using microeconomic surveys of 17 OECD countries. In most countries the survey is repeated over time, permitting construction of 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 depends on cohort effects. Adjusting for this, we find that ownership rates fall after age 70 by about half a percentage point per year. Interestingly, ownership trajectories are quite similar in all countries – except Finland and Canada - and are not correlated with a wide set of indicators that we examine.

Keywords: homeownership; wealth decumulation; aging (search for similar items in EconPapers)
JEL-codes: G2 R2 (search for similar items in EconPapers)
Date: 2006-05-29
New Economics Papers: this item is included in nep-eec and nep-ure
Note: The paper has received the Aldi Hagenaars Memorial Award for the best LIS Working Paper of 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Published in Journal of Population Economics, 2010, Vol. 23, 2, pp. 643-663

Downloads: (external link)
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http://www.csef.it/WP/wp158.pdf (application/pdf)

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:sef:csefwp:158

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