The association between parents' and adult children's homeownership

A comparative analysis

Clara H. Mulder, Caroline Dewilde, Mark van Duijn, Annika Smits

Research output: Contribution to journalArticleScientificpeer-review

Abstract

We investigate the extent to which the intergenerational transmission of homeownership varies across European countries. Our main hypotheses are that the impact of parental homeownership on the likelihood and timing of an adult child’s entry into homeownership is less strong in contexts where homeownership is more accessible (in terms of affordability and access to mortgage credit), where renting is a feasible alternative to owning, and where the family matters less for the provision of welfare and housing. We perform discrete-time event history analyses of the transition to first-time homeownership using retrospective SHARELIFE-data from 10 European countries. Our respondents were born between 1908 and 1963, while observed entries to first-time homeownership occur between 1965 and 2009. We introduce fixed effects for countries and macro-level indicators for country-period combinations, interacted with parental homeownership. We find that the intergenerational transmission of homeownership is stronger in contexts where house prices are higher (and homeownership is less affordable), and less strong in more affluent contexts and in contexts where homeownership has increased more. The remaining differences in intergenerational transmission cannot be attributed to differences in welfare regimes or between dual and unitary rental markets.
Keywords: Intergenerational transmission, Homeownership, Europe, Discrete-time event history analysis
Original languageEnglish
Pages (from-to)495-527
JournalEuropean Journal of Population
Volume31
Issue number5
DOIs
Publication statusPublished - Dec 2015

Keywords

  • Intergenerational transmission
  • Homeownership
  • Europe
  • Discrete time event history analysis

Cite this

Mulder, Clara H. ; Dewilde, Caroline ; van Duijn, Mark ; Smits, Annika. / The association between parents' and adult children's homeownership : A comparative analysis. In: European Journal of Population. 2015 ; Vol. 31, No. 5. pp. 495-527.
@article{a363e5a2f77d43b7b8097ff047cf4858,
title = "The association between parents' and adult children's homeownership: A comparative analysis",
abstract = "We investigate the extent to which the intergenerational transmission of homeownership varies across European countries. Our main hypotheses are that the impact of parental homeownership on the likelihood and timing of an adult child’s entry into homeownership is less strong in contexts where homeownership is more accessible (in terms of affordability and access to mortgage credit), where renting is a feasible alternative to owning, and where the family matters less for the provision of welfare and housing. We perform discrete-time event history analyses of the transition to first-time homeownership using retrospective SHARELIFE-data from 10 European countries. Our respondents were born between 1908 and 1963, while observed entries to first-time homeownership occur between 1965 and 2009. We introduce fixed effects for countries and macro-level indicators for country-period combinations, interacted with parental homeownership. We find that the intergenerational transmission of homeownership is stronger in contexts where house prices are higher (and homeownership is less affordable), and less strong in more affluent contexts and in contexts where homeownership has increased more. The remaining differences in intergenerational transmission cannot be attributed to differences in welfare regimes or between dual and unitary rental markets.Keywords: Intergenerational transmission, Homeownership, Europe, Discrete-time event history analysis",
keywords = "Intergenerational transmission, Homeownership, Europe, Discrete time event history analysis",
author = "Mulder, {Clara H.} and Caroline Dewilde and {van Duijn}, Mark and Annika Smits",
year = "2015",
month = "12",
doi = "10.1007/s10680-015-9351-3",
language = "English",
volume = "31",
pages = "495--527",
journal = "European Journal of Population",
issn = "0168-6577",
publisher = "Springer Netherlands",
number = "5",

}

The association between parents' and adult children's homeownership : A comparative analysis. / Mulder, Clara H.; Dewilde, Caroline; van Duijn, Mark; Smits, Annika.

In: European Journal of Population, Vol. 31, No. 5, 12.2015, p. 495-527.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - The association between parents' and adult children's homeownership

T2 - A comparative analysis

AU - Mulder, Clara H.

AU - Dewilde, Caroline

AU - van Duijn, Mark

AU - Smits, Annika

PY - 2015/12

Y1 - 2015/12

N2 - We investigate the extent to which the intergenerational transmission of homeownership varies across European countries. Our main hypotheses are that the impact of parental homeownership on the likelihood and timing of an adult child’s entry into homeownership is less strong in contexts where homeownership is more accessible (in terms of affordability and access to mortgage credit), where renting is a feasible alternative to owning, and where the family matters less for the provision of welfare and housing. We perform discrete-time event history analyses of the transition to first-time homeownership using retrospective SHARELIFE-data from 10 European countries. Our respondents were born between 1908 and 1963, while observed entries to first-time homeownership occur between 1965 and 2009. We introduce fixed effects for countries and macro-level indicators for country-period combinations, interacted with parental homeownership. We find that the intergenerational transmission of homeownership is stronger in contexts where house prices are higher (and homeownership is less affordable), and less strong in more affluent contexts and in contexts where homeownership has increased more. The remaining differences in intergenerational transmission cannot be attributed to differences in welfare regimes or between dual and unitary rental markets.Keywords: Intergenerational transmission, Homeownership, Europe, Discrete-time event history analysis

AB - We investigate the extent to which the intergenerational transmission of homeownership varies across European countries. Our main hypotheses are that the impact of parental homeownership on the likelihood and timing of an adult child’s entry into homeownership is less strong in contexts where homeownership is more accessible (in terms of affordability and access to mortgage credit), where renting is a feasible alternative to owning, and where the family matters less for the provision of welfare and housing. We perform discrete-time event history analyses of the transition to first-time homeownership using retrospective SHARELIFE-data from 10 European countries. Our respondents were born between 1908 and 1963, while observed entries to first-time homeownership occur between 1965 and 2009. We introduce fixed effects for countries and macro-level indicators for country-period combinations, interacted with parental homeownership. We find that the intergenerational transmission of homeownership is stronger in contexts where house prices are higher (and homeownership is less affordable), and less strong in more affluent contexts and in contexts where homeownership has increased more. The remaining differences in intergenerational transmission cannot be attributed to differences in welfare regimes or between dual and unitary rental markets.Keywords: Intergenerational transmission, Homeownership, Europe, Discrete-time event history analysis

KW - Intergenerational transmission

KW - Homeownership

KW - Europe

KW - Discrete time event history analysis

U2 - 10.1007/s10680-015-9351-3

DO - 10.1007/s10680-015-9351-3

M3 - Article

VL - 31

SP - 495

EP - 527

JO - European Journal of Population

JF - European Journal of Population

SN - 0168-6577

IS - 5

ER -