Cross-Country Differences in Homeownership: A Cultural Phenomenon?

Stefanie Huber and Tobias Schmidt

ERES from European Real Estate Society (ERES)

Abstract: Cross-country differences in homeownership rates are large and very persistent over time, ranging between 35% in Switzerland to 80% in Spain. In this project we test the hypothesis that these cross-country differences are driven by cultural tastes. To isolate the effect of culture from the effects of institutions and economic factors, we investigate the homeownership attitudes of second generation immigrants in the United States. We find robust evidence that cross-country differences in cultural preferences are an important explanatory factor for the observed persistent differ- ences in homeownership rates across countries.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2016-01-01
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Citations: View citations in EconPapers (17)

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Related works:
Working Paper: Cross-country differences in homeownership: A cultural phenomenon? (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2016_47

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