Housing Satisfaction, Homeownership and Housing Mobility: A Panel Data Analysis for Twelve EU Countries

Luis Diaz-Serrano ()

No 2318, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We investigate the determinants of housing satisfaction in twelve EU countries. To do so, we use panel data covering the period 1994-2001, which allows us to control for individual heterogeneity. We carry out separate estimates on the determinants of housing satisfaction for homeowners and for renters and observe that: i) the tenure status is critical in determining the level of housing satisfaction; ii) housing satisfaction acts as trigger event of housing mobility, and; iii) dissatisfied renters are more likely to move than their homeowners counterparts. Our results also allow us to conclude that self-reported housing satisfaction is a meaningful variable able to explain individual’s objective economic behavior, since it is able to anticipate movements in the households’ demand for housing.

Keywords: housing mobility; fixed-effects; homeownership; random-effects; housing satisfaction (search for similar items in EconPapers)
JEL-codes: D1 J0 R0 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2006-09
New Economics Papers: this item is included in nep-eec, nep-geo, nep-lab and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Published - published as 'Mobility and housing satisfaction: an empirical analysis for 12 EU countries ' : Journal of Economic Geography, 2010, 10 (5), 661-683

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