Do housing wealth and tenure (change) moderate the relationship between divorce and subjective wellbeing

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Abstract

Homeownership, as a storage for housing wealth, is believed to play an increasingly important role in terms of welfare provision. However, homeownership does not always act as a nest-egg, it can be a source of financial anxiety as well. In this paper we investigate how homeownership and housing wealth moderate the relationship between divorce and subjective wellbeing (life satisfaction, happiness, financial satisfaction). Using longitudinal data for Australia we find homeowners are more negatively affected by divorce than tenants, among others because the owned house becomes a financial burden after divorce. We further find gendered effects. When women move from an owned to a rented house, divorce has a smaller negative effect on happiness and financial satisfaction than when remaining in the owned home. For men however, housing wealth alleviates financial stress when the divorcees remain in an owner-occupied house after divorce.
Original languageEnglish
Pages1-30
Publication statusPublished - 5 May 2017

Publication series

NameHOWCOME Working Paper Series

Fingerprint

Divorce
Housing wealth
Subjective well-being
Housing tenure
Home ownership
Happiness
Burden
Longitudinal data
Anxiety
Owners
Life satisfaction

Keywords

  • housing wealth
  • tenure
  • divorce
  • subjective wellbeing
  • panel data

Cite this

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Do housing wealth and tenure (change) moderate the relationship between divorce and subjective wellbeing. / André, S.C.H.; Dewilde, C.L.; Muffels, R.J.A.

2017. p. 1-30 (HOWCOME Working Paper Series).

Research output: Working paperOther research output

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