Intergenerational home ownership

Jo Blanden, Andrew Eyles and Stephen Machin

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper studies intergenerational links in home ownership, an increasingly important wealth marker and a measure of economic status in itself. Repeated cross sectional UK data show that home ownership rates have fallen rapidly over time, most markedly amongst younger people in more recent birth cohorts. Evidence from British birth cohorts data supplemented by the Wealth and Assets Survey show a significant rise through time in the intergenerational persistence of home ownership, as home ownership rates shrank disproportionately among those whose parents did not own their own home. Given the close connection between home ownership and wealth, these results on strengthening intergenerational persistence in home ownership are therefore also suggestive of a fall in intergenerational housing wealth mobility over time.

Keywords: cohorts; housing; intergenerational mobility; wealth (search for similar items in EconPapers)
JEL-codes: D31 J11 J62 R31 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2023-06-01
New Economics Papers: this item is included in nep-eur and nep-ure
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Citations: View citations in EconPapers (9)

Published in Journal of Economic Inequality, 1, June, 2023, 21(2), pp. 251 - 275. ISSN: 1569-1721

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http://eprints.lse.ac.uk/118638/ Open access version. (application/pdf)

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Journal Article: Intergenerational home ownership (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:118638

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