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Intergenerational home ownership.

Authors :
Blanden, Jo
Eyles, Andrew
Machin, Stephen
Source :
Journal of Economic Inequality; Jun2023, Vol. 21 Issue 2, p251-275, 25p
Publication Year :
2023

Abstract

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. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
15691721
Volume :
21
Issue :
2
Database :
Complementary Index
Journal :
Journal of Economic Inequality
Publication Type :
Academic Journal
Accession number :
164607924
Full Text :
https://doi.org/10.1007/s10888-023-09563-z