Intergenerational home ownership

Autor: Jo Blanden, Andrew Eyles, Stephen Machin
Rok vydání: 2023
Předmět:
Zdroj: The Journal of Economic Inequality.
ISSN: 1573-8701
1569-1721
DOI: 10.1007/s10888-023-09563-z
Popis: This paper studies intergenerational links in home ownership, an increasingly important wealth marker and a measure of economic status in itself. Repeated cross sectional UK data show that home ownership rates have fallen rapidly over time, most markedly amongst younger people in more recent birth cohorts. Evidence from British birth cohorts data supplemented by the Wealth and Assets Survey show a significant rise through time in the intergenerational persistence of home ownership, as home ownership rates shrank disproportionately among those whose parents did not own their own home. Given the close connection between home ownership and wealth, these results on strengthening intergenerational persistence in home ownership are therefore also suggestive of a fall in intergenerational housing wealth mobility over time.
Databáze: OpenAIRE
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