Do the elderly reduce housing equity? An international comparison

Maria Chiuri and Tullio Jappelli ()

No 2008/20, CFS Working Paper Series from Center for Financial Studies (CFS)

Abstract: We explore the pattern of elderly homeownership using microeconomic surveys of 15 OECD countries, merging 60 national household surveys on about 300,000 individuals. In all countries the survey is repeated over time, permitting construction of an international dataset of repeated cross-sectional data. We find that ownership rates decline considerably after age 60 in all countries. However, a large part of the decline depends on cohort effects. Adjusting for them, we find that ownership rates start falling after age 70 and reach a percentage point per year decline after age 75. We find that differences across country ownership trajectories are correlated with indicators measuring the degree of market regulations.

Keywords: Homeownership; Wealth Decumulation; Aging (search for similar items in EconPapers)
JEL-codes: G2 R2 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Do the elderly reduce housing equity? An international comparison (2010)
Working Paper: Do the Elderly Reduce Housing Equity? An International Comparison (2006)
Working Paper: Do the elderly reduce housing equity? An international comparison (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cfswop:200820

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