Retiree home ownership in Saudi Arabia: the role of geographic, demographic, social and economic variables
| Autor: | Asharaf Abdul Salam, Khaled O. Alradihan, Abdullah N. Al-Mutairi, Rshood M. Al-Khraif |
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| Rok vydání: | 2018 |
| Předmět: |
Working life
Higher education business.industry media_common.quotation_subject 05 social sciences 0211 other engineering and technologies 021107 urban & regional planning 02 engineering and technology Place of birth Quality of life (healthcare) Geography 0502 economics and business 050207 economics Cost of living Duration (project management) Empowerment business Socioeconomics health care economics and organizations Regional differences Demography media_common |
| Zdroj: | Journal of Population Research. 35:169-185 |
| ISSN: | 1835-9469 1443-2447 |
| Popis: | Home ownership has implications for a family’s empowerment and quality of life, especially post-retirement. Economic conditions, the cost of living, and child-rearing create barriers to accumulating immovable assets, including the home. This study identifies the determinants of home ownership among retirees—geographic, demographic, social and economic variables—and explains the effect using data drawn from five administrative areas in Saudi Arabia (Riyadh, Madina, Eastern, Jazan, and Jouf) representing planning regions (Northern, Southern, Eastern, Western and Central). A large proportion of retirees (82%) own a home (purchased before or after retirement), with regional differences. Retirees from Jouf and Jazan have higher ownership rates than their counterparts in Riyadh, Madina, or Eastern, with rates affected by geographic, demographic, social, and economic factors. As determinants, geographic and demographic factors have major roles while economic factors play a typical role in decision-making. A mix of higher education, professional employment, longer duration of employment and higher salaries, when combined with locational preferences and family requirements, motivate or enable home ownership. Retiree home-ownership is important to dignified post-retirement (old-age) life, and so measures and policies may be strengthened to empower people to own homes during their working life. |
| Databáze: | OpenAIRE |
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