Residential Mobility of the European Elderly
Viola Angelini and
Anne Laferrere
CESifo Economic Studies, 2012, vol. 58, issue 3, 544-569
Abstract:
With the ageing of the European population, the housing choices of the large elderly cohorts will have consequences on the whole housing market. This article combines micro data from two waves of the Survey of Health, Ageing and Retirement in Europe (SHARE) with macro data on housing policy to analyse the residential mobility decisions of the elderly in 11 European countries. Residential mobility is low, but we find some evidence that those who move in old age tend to reduce housing consumption and investment by going from owning to renting. This 'downsizing' is positively linked to housing capital gains, while the existence of reverse mortgages in a country reduces it. We also find that mobility to nursing homes and mobility between private homes respond to different incentives and motivations. (JEL codes: D10, R21, R28). Copyright The Author 2011. Published by Oxford University Press on behalf of Ifo Institute for Economic Research, Munich. All rights reserved. For permissions, please email: journals.permissions@oup.com, Oxford University Press.
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (17)
Downloads: (external link)
http://hdl.handle.net/10.1093/cesifo/ifr017 (application/pdf)
Access to full text is restricted to subscribers.
Related works:
Working Paper: Residential Mobility of the European Elderly (2010) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:oup:cesifo:v:58:y:2012:i:3:p:544-569
Ordering information: This journal article can be ordered from
https://academic.oup.com/journals
Access Statistics for this article
CESifo Economic Studies is currently edited by Panu Poutvaara
More articles in CESifo Economic Studies from CESifo Group Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().