House Prices and Home Ownership: a Cohort Analysis

Bottazzi, Renata ; Crossley, Thomas ; Wakefield, Matthew (2011) House Prices and Home Ownership: a Cohort Analysis. Bologna: Dipartimento di Scienze economiche DSE, p. 45. DOI 10.6092/unibo/amsacta/4448. In: Quaderni - Working Paper DSE (790). ISSN 2282-6483.
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Abstract

England has very volatile house prices. We use pseudo-panel data spanning multiple house-price cycles over nearly forty years, to assess the extent to which house prices affect access to home ownership by age thirty, and whether differences in ownership rates persist. We find that ownership rates at age thirty have varied substantially, with this variation significantly related to prices. Measurement error problems - attenuation bias and other biases - complicate an analysis of the persistence of these differences in ownership. We use two methods - including one that develops the ideas of Deaton (1985) - to deal with this and find robust evidence that cohorts with low ownership rates at thirty close about 80% of the ownership gap by age forty.

Abstract
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Bottazzi, Renata
Crossley, Thomas
Wakefield, Matthew
Parole chiave
homeownership, pseudo-panel data, measurement error
Settori scientifico-disciplinari
ISSN
2282-6483
DOI
Data di deposito
25 Gen 2016 15:56
Ultima modifica
25 Gen 2016 15:56
URI

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