Do Europeans View their Homes as Castles? Homeownership and Poverty Perception throughout Europe

Duncan Watson and Robert Webb
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Duncan Watson: Department of Economics, University of Wales, Swansea, UK, d.l.watson@swan.ac.uk
Robert Webb: Department of Accounting, Finance and Risk, Glasgow Caledonian University, Cowcaddens Road, Glasgow, G12 9BB, UK, rwe@gcal.ac.uk

Urban Studies, 2009, vol. 46, issue 9, 1787-1805

Abstract: The paper investigates the notion that homeownership affects poverty perception. This is investigated by utilising a logit model to analyse various characteristics of homeowners in 11 different European nations. Overall, the analysis fails to reject the notion that homeowners throughout Europe are less likely to perceive themselves as living in poverty, but no evidence is found that homeownership is more valued in nations with high owner-occupancy rates. However, support is found for the notion that homeownership is used as a form of security in countries that experience greater income inequality.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:46:y:2009:i:9:p:1787-1805

DOI: 10.1177/0042098009106020

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