Retirement and housing adjustment in later life: evidence from the British Household Panel Survey |
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| Institution: | 1. Department of Pediatric Nephrology-Internal Medicine, hôpital Purpan, 330, avenue Grande-Bretagne, 31400 Toulouse, France;2. Centre de référence des maladies rénales rares du Sud-Ouest (SORARE), 31400 Toulouse, France;3. University Toulouse III – Paul-Sabatier, 31400 Toulouse, France;4. Department of Pediatric Immunology, Hematology and Rheumatology, hôpital Necker, 75015 Paris, France;5. Department of Pediatric Nephrology and Rheumatology, hôpitaux Est, 69000 Lyon, France;6. Department of Rheumatology, hôpital Cochin, 75014 Paris, France;7. Department of Pediatrics, hôpital de Bicêtre, 92270 Le Kremlin-Bicêtre, France;8. Department of Pediatrics, hôpital Mère-Enfants, 44000 Nantes, France;9. Department of Pediatrics, hôpital Nord, 13000 Marseille, France;10. Department of Pediatrics, centre hospitalier, 66000 Perpignan, France;11. Department of Pediatrics, hôpital Le Parc, 68000 Colmar, France;12. Department of Pediatrics, hôpital Nord-Ouest, 69655 Villefranche-sur-Saône, France;1. CRS4, Parco Scientifico e Technologico, Sardegna Ricerca, Edificio 1, Loc. Piscina Mana, Pula 09010, Italy;2. FlexCryst, Schleifweg 23, 91080 Uttenreuth, Germany;1. Chevron, Sugar Land, TX 77479, United States;2. Department of Agricultural Economics, Texas A&M University, College Station, TX 77843-2124, United States |
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| Abstract: | Using data from the first five waves of the British Household Panel Survey (BHPS), we examine the extent and determinants of residential mobility for persons aged 55 or older, plus the subsequent housing adjustments made by those who move. The dimensions of adjustment examined are house value and rental costs, the number of `excess' rooms, and housing tenure. Relatively few individuals move house in later life in Britain. Choices do respond to one's own retirement, but other household changes such as loss of spouse and spouse leaving employment are also important. When a residential move is made, there is a tendency for housing consumption to change in a direction consistent with the correction of a disequilibrium position. |
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