Homeownership and Long-Term Care

Jan Rouwendal and Fleur Thomese

Housing Studies, 2013, vol. 28, issue 5, 746-763

Abstract: We investigate the relationship between homeownership and institutionalization using longitudinal data from a Dutch community sample ( N = 2372) collected between 1992 and 2005, and find a negative effect of housing tenure on the probability of moving to a nursing home between two subsequent waves. Our discrete time duration model is able to deal with time-varying covariates like health and is flexible with respect to time effects. We have detailed information about health status, presence of a partner and children, neighborhood, and housing. The effect of tenure remains significant after controlling for their impact. A variety of additional potential explanations related to housing wealth and the price of long-term care are found to lack explanatory power. We therefore interpret our findings as the result of a strong desire among the homeowners to stay where they are-in their own property-and the better possibilities that they have-as owners-to realize this desire.

Date: 2013
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DOI: 10.1080/02673037.2013.759179

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