Research Repository

First-time House Buying and Catch-up: A Cohort Study

Bottazzi, R and Crossley, TF and Wakefield, M (2015) 'First-time House Buying and Catch-up: A Cohort Study.' Economica, 82. 1021 - 1047. ISSN 0013-0427

[img]
Preview
Text
bcw_June 2015_final.pdf - Accepted Version

Download (3MB) | Preview

Abstract

© 2015 The London School of Economics and Political Science. We investigate whether different ages of first-time house buying lead to persistent differences in homeownership between cohorts. Our data span nearly 40 years and multiple cycles of England's volatile house prices. Ownership rates at thirty have differed substantially, with a significant negative association with prices. The persistence of differences is assessed using synthetic cohort techniques. Two methods of dealing with measurement error problems both indicate that cohorts with low ownership rates at thirty catch up almost all of the ownership gap by forty. Earlier access to homeownership may result in the ownership of slightly larger homes at around forty.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 25 Jun 2015 09:18
Last Modified: 17 Aug 2017 17:36
URI: http://repository.essex.ac.uk/id/eprint/14075

Actions (login required)

View Item View Item