Housing Mobility and Downsizing at Older Ages in Britain and the United States

James Banks, Richard Blundell (), Zoe Oldfield and James Smith

No WR-787, Working Papers from RAND Corporation

Abstract: This paper examines geographic mobility and housing downsizing at older ages in Britain and America. Americans downsize housing much more than the British largely because Americans are much more mobile. The principal reasons for greater mobility among older Americans are two fold: (1) greater spatial distribution of geographic distribution of amenities (such as warm weather) and housing costs and (2) greater institutional rigidities in subsidized British rental housing providing stronger incentives for British renters not to move. This relatively flat British housing consumption with age may have significant implications for the form and amount of consumption smoothing at older ages.

Pages: 42
Date: 2010-09
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Citations: View citations in EconPapers (2)

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Working Paper: Housing Mobility and Downsizing at Older Ages in Britain and the United States (2010)
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