Marital history and home ownership: evidence from Australia
Access Status
Authors
Date
2009Type
Metadata
Show full item recordCitation
Source Title
ISSN
Faculty
Remarks
The link to the journal’s home page is: http://www.elsevier.com/wps/find/journaldescription.cws_home/622881/description#description
Copyright © 2009 Elsevier B.V. All rights reserved
Collection
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.
Related items
Showing items related by title, author, creator and subject.
-
Ong, Rachel; Wood, Gavin; Colic-Peisker, V. (2015)In Australia and other ‘homeownership societies’ it has been conventional to think of housing pathways in terms of a smooth linear progression, leading to outright ownership in middle age and a retirement buffered by low ...
-
Ong, Rachel; Wood, Gavin; Colic-Peisker, V. (2014)In Australia and other 'homeownership societies' it has been conventional to think of housing pathways in terms of a smooth linear progression, leading to outright ownership in middle age and a retirement buffered by low ...
-
Burke, T.; Stone, J.; Glackin, S.; Scheurer, Jan (2014)Despite the plethora of rental research, a significant gap remains in understanding the relationship between rental housing and 'transport disadvantage'. This project analyses the changing spatial concentration of ...