Journal article
Marital history and home ownership: Evidence from Australia
Journal of Housing Economics, Vol.18(1), pp.13-24
2009
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.
Details
- Title
- Marital history and home ownership: Evidence from Australia
- Authors/Creators
- P.H. Hendershott (Author/Creator)R. Ong (Author/Creator)G.A. Wood (Author/Creator)P. Flatau (Author/Creator)
- Publication Details
- Journal of Housing Economics, Vol.18(1), pp.13-24
- Publisher
- Elsevier
- Number of pages
- 12
- Identifiers
- 991005540569307891
- Copyright
- Elsevier
- Murdoch Affiliation
- Do not use- Former Murdoch Business School
- Language
- English
- Resource Type
- Journal article
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- Collaboration types
- Domestic collaboration
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- Citation topics
- 6 Social Sciences
- 6.86 Human Geography
- 6.86.789 Urban Housing Dynamics
- Web Of Science research areas
- Economics
- Urban Studies
- ESI research areas
- Economics & Business