| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13496 |
| 来源ID | Working Paper 13496 |
| Housing Price Volatility and Downsizing in Later Life | |
| James Banks; Richard Blundell; Zoë Oldfield; James P. Smith | |
| 发表日期 | 2007-10-15 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | In this paper, we modeled several types of housing transitions of the elderly in two countries -- Britain and the United States. One important form of these transitions involves downsizing of housing consumption, the importance of which among older households is still debated. This downsizing takes multiple forms, including reductions in the number of rooms per dwelling and the value of the home. There is also evidence that this downsizing is greater when house price volatility is greater and that American households try to escape housing price volatility by moving to places that are experience significantly less housing price volatility. Our comparative evidence in suggests that there is less evidence of downsizing in Britain. Our results indicate that housing consumption appears to decline with age in the US, even after controlling for the other demographic and work transitions associated with age that would normally produce such a decline. No such fall in housing consumption is found in Britain, largely because British households are much more likely to stay in their original residence. |
| 主题 | Microeconomics ; Households and Firms ; Behavioral Economics |
| URL | https://www.nber.org/papers/w13496 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571172 |
| 推荐引用方式 GB/T 7714 | James Banks,Richard Blundell,Zoë Oldfield,et al. Housing Price Volatility and Downsizing in Later Life. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13496.pdf（183KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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