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Title:Do the elderly reduce housing equity? An international comparison PDF Logo
Authors:Chiuri, Maria Concetta
Jappelli, Tullio
Issue Date:2008
Series/Report no.:CFS Working Paper 2008/20
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.
Subjects:Homeownership
Wealth Decumulation
Aging
JEL:G2
R2
Persistent Identifier of the first edition:urn:nbn:de:hebis:30-56931
Document Type:Working Paper
Appears in Collections:CFS Working Paper Series, Universität Frankfurt a. M.

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