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Owning vs. Renting: the benefits of residential stability?

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  • Arthur Acolin

Abstract

In housing research, owning, as compared to renting, is generally depicted as more desirable and associated with better outcomes. This paper explores differences in outcomes between owners and renters in 25 European countries and whether these differences are systematically smaller in countries in which owners and renters have more similar levels of residential stability (smaller tenure length gap). The results indicate that the direction of the relationship between tenure type and the selected outcomes is largely similar across countries. Owners generally exhibit more desirable outcomes (including life satisfaction, civic participation, educational outcomes for children, and physical and mental health). However, when looking at the relationship between outcomes and country level differences in tenure length gap, findings suggest that renters have outcomes that are more similar to owners in countries in which tenure length gaps are smaller. These results point to the potential benefits of policies that would increase residential stability, particularly for renters.

Suggested Citation

  • Arthur Acolin, 2022. "Owning vs. Renting: the benefits of residential stability?," Housing Studies, Taylor & Francis Journals, vol. 37(4), pages 644-667, April.
    • Handle: RePEc:taf:chosxx:v:37:y:2022:i:4:p:644-667
    DOI: 10.1080/02673037.2020.1823332
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    Cited by:

    1. Murphy, Michael J. & Grundy, Emily, 2024. "Housing tenure and disability in the UK: trends and projections 2004-2030," LSE Research Online Documents on Economics 120247, London School of Economics and Political Science, LSE Library.
    2. Min Zhou & Wei Guo, 2023. "Self-rated Health and Objective Health Status Among Rural-to-Urban Migrants in China: A Healthy Housing Perspective," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 42(1), pages 1-24, February.
    3. Kath Hulse & Zoë Goodall, 2023. "Reforming the Private Rental Sector: Challenges in the 2020s and Beyond," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 56(2), pages 240-248, June.

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