IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03369815.html
   My bibliography  Save this paper

A methodology to analyze local housing wealth divergences in an aging shock context - Application to the case of France

Author

Listed:
  • Arnaud Simon

    (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

  • Yasmine Essafi

    (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

  • Raphaël Languillon

Abstract

Assuming a life cycle perspective and using the link between demography and house prices, this article proposes a new approach to analyze the spatial reshaping of housing wealth caused by the elder boom. The modification in housing wealth circulation across generations is also a spatial modification that carries consequences for local territories. Applied to the French case at the departmental level, this methodology is also relevant for European countries confronted to an aging shock. We find that although the losses are amplified for some departments, others benefit from this aging shock. Metropolization is insurance against important housing wealth losses, whereas for the nonmetropolitan departments, a combination of second-order factors is required to avoid wealth decline. Our results suggest that these evolutions are mainly structural and that the cyclical variables are of secondary importance. Compensation, by positive cyclical trend, for structural decline is not a circumstance that currently occurs in the French case. Social classes also appear to be strongly related to this change, in which various spatial inequalities are reinforced. As for the unemployment rate, this indicator poorly reflects the shift and may be misleading for a regional planning policy.

Suggested Citation

  • Arnaud Simon & Yasmine Essafi & Raphaël Languillon, 2021. "A methodology to analyze local housing wealth divergences in an aging shock context - Application to the case of France," Post-Print hal-03369815, HAL.
    • Handle: RePEc:hal:journl:hal-03369815
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03369815. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.