Marital history and home ownership: Evidence from Australia |
| |
| Authors: | Patric H Hendershott Rachel Ong Gavin A Wood Paul Flatau |
| |
| Institution: | 1. Property Economics and Finance, University of Aberdeen, Scotland, and Business School, San Diego State University, USA;2. School of Economics and Finance, Curtin Business School, Curtin University of Technology, Perth, Western Australia, Australia;3. AHURI-RMIT/NATSEM Research Centre, School of Global Studies, Social Sciences and Planning, RMIT University, GPO Box 2476V, Melbourne, Victoria 3001, Australia;4. Murdoch Business School, Murdoch University, Murdoch, Western Australia, Australia;1. Office of the Comptroller of the Currency (OCC), US Treasury Department, 400 7th St SW, Washington, DC 20219, USA;2. Federal Reserve Bank of Philadelphia, Ten Independence Mall, Philadelphia, PA 19106, USA;3. The Wharton School, University of Pennsylvania, 3620 Locust Walk, Philadelphia, PA 19104, USA;1. Family and Population Studies (FaPOS), Centre for Sociological Research, KU Leuven, Parkstraat 45-Box 3601, 3000 Leuven, Belgium;2. Demography Unit, Department of Sociology, Stockholm University, Stockholm, Sweden;3. Center for Health Equity Studies, Stockholm University/Karolinska Institutet, Stockholm, Sweden;1. Department of Medical Epidemiology and Biostatistics, Karolinska Institutet, Stockholm, Sweden;2. Cancer Registry of Norway, Oslo, Norway;3. Division of Insurance Medicine, Department of Clinical Neuroscience, Karolinska Institutet, Stockholm, Sweden;4. Translational Urology and Oncology Research, Division of Cancer Studies, King''s College London, London, UK;5. Department of Surgical Sciences, Uppsala University, Uppsala, Sweden;6. Department of Molecular Medicine and Surgery, Karolinska Institutet, Stockholm, Sweden;7. Department of Breast and Endocrine Surgery, Karolinska University Hospital, Stockholm, Sweden;8. Regional Cancer Center, Uppsala University Hospital, Uppsala, Sweden;1. MRC/CSO Social and Public Health Sciences Unit, University of Glasgow, 200 Renfield Street, Glasgow G2 2QB, United Kingdom;2. Dept. of Social Policy, London School of Economics, Houghton Street, London, WC2A 2AE, United Kingdom;3. Centre for Public Health, Institute of Clinical Sciences, Royal Hospitals Site, BT12 6BJ, Queen’s University Belfast, Belfast, United Kingdom |
| |
| Abstract: | The relative cost of owning and renting housing and housing affordability have been clearly established as important determinants of home ownership. But the roles of marital status and history have been largely ignored. In this paper we show that both current marital status and past history affect ownership. Past history matters because wealth accumulation is greater among couple households than singles owing largely to economies of scale in housing consumption. Moreover, wealth is lost upon divorce. In effect, past marital history affects the affordability of owner housing. This result is shown in the estimation of model explaining wealth, leverage and tenure choice using Australian datasets. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
