IDEAS home Printed from https://ideas.repec.org/p/iza/izadps/dp2318.html
   My bibliography  Save this paper

Housing Satisfaction, Homeownership and Housing Mobility: A Panel Data Analysis for Twelve EU Countries

Author

Listed:
  • Diaz-Serrano, Luis

    (Universitat Rovira i Virgili)

Abstract

We investigate the determinants of housing satisfaction in twelve EU countries. To do so, we use panel data covering the period 1994-2001, which allows us to control for individual heterogeneity. We carry out separate estimates on the determinants of housing satisfaction for homeowners and for renters and observe that: i) the tenure status is critical in determining the level of housing satisfaction; ii) housing satisfaction acts as trigger event of housing mobility, and; iii) dissatisfied renters are more likely to move than their homeowners counterparts. Our results also allow us to conclude that self-reported housing satisfaction is a meaningful variable able to explain individual’s objective economic behavior, since it is able to anticipate movements in the households’ demand for housing.

Suggested Citation

  • Diaz-Serrano, Luis, 2006. "Housing Satisfaction, Homeownership and Housing Mobility: A Panel Data Analysis for Twelve EU Countries," IZA Discussion Papers 2318, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp2318
    as

    Download full text from publisher

    File URL: https://docs.iza.org/dp2318.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jeffrey M. Wooldridge, 2005. "Simple solutions to the initial conditions problem in dynamic, nonlinear panel data models with unobserved heterogeneity," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(1), pages 39-54, January.
    2. Paul Frijters & John P. Haisken-DeNew & Michale A. Shields, 2001. "The Value of Reunification in Germany: An Analysis of Changes in Life Satisfaction," Department of Economics - Working Papers Series 828, The University of Melbourne.
    3. Guillaume R. Frechette, 2001. "Random-effects ordered probit," Stata Technical Bulletin, StataCorp LP, vol. 10(59).
    4. Holly Barcus, 2004. "Urban-Rural Migration in the USA: An Analysis of Residential Satisfaction," Regional Studies, Taylor & Francis Journals, vol. 38(6), pages 643-657.
    5. Murphy, Kevin M & Topel, Robert H, 2002. "Estimation and Inference in Two-Step Econometric Models," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 88-97, January.
    6. Alex Bryson & Lorenzo Cappellari & Claudio Lucifora, 2004. "Does Union Membership Really Reduce Job Satisfaction?," British Journal of Industrial Relations, London School of Economics, vol. 42(3), pages 439-459, September.
    7. Luis Díaz-Serrano & Joop Hartog, 2006. "Is there a risk-return trade-off in educational choices? Evidence from Spain," Investigaciones Economicas, Fundación SEPI, vol. 30(2), pages 353-380, May.
    8. Diaz-Serrano, Luis, 2005. "Income volatility and residential mortgage delinquency across the EU," Journal of Housing Economics, Elsevier, vol. 14(3), pages 153-177, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eva Sierminska & Alena Bicáková, 2007. "Homeownership Inequality and the Access to Credit Markets. Can Credit Availability Explain Cross-country Differences in the Inequality of Homeownership across Income of Young Households?," LWS Working papers 5, LIS Cross-National Data Center in Luxembourg.
    2. Ehsan Latif, 2021. "Homeownership and happiness: evidence from Canad," Economics Bulletin, AccessEcon, vol. 41(1), pages 1-17.
    3. Zumbro, Timo, 2011. "The relationship between homeownership and life satisfaction in Germany," CAWM Discussion Papers 44, University of Münster, Münster Center for Economic Policy (MEP).
    4. Tuyen Quang Tran & Huong Vu, 2018. "A microeconometric analysis of housing and life satisfaction among the Vietnamese elderly," Quality & Quantity: International Journal of Methodology, Springer, vol. 52(2), pages 849-867, March.
    5. Easterlin, Richard A. & Sawangfa, Onnicha, 2007. "Happiness and Domain Satisfaction: Theory and Evidence," IZA Discussion Papers 2584, Institute of Labor Economics (IZA).
    6. Tuan Anh Nguyen & Tuyen Quang Tran & Huong Van Vu & Dat Quoc Luu, 2017. "Housing satisfaction and its determinants among residents living in affordable apartments in urban Hanoi, Vietnam," Working Papers 03, Development and Policies Research Center (DEPOCEN), Vietnam.
    7. Switek, Maggie, 2012. "Internal Migration and Life Satisfaction: Well-Being Effects of Moving as a Young Adult," IZA Discussion Papers 7016, Institute of Labor Economics (IZA).
    8. María Navarro, 2023. "Social-Cultural Capital and Domain Satisfaction," Hacienda Pública Española / Review of Public Economics, IEF, vol. 246(3), pages 37-70, September.
    9. Idu R. Egbenta & Smart N. Uchegbu & Ejike Ubani & Okwuchi Juliet Akalemeaku, 2021. "Effects of Noise Pollution on Residential Property Value in Enugu Urban, Nigeria," SAGE Open, , vol. 11(3), pages 21582440211, July.
    10. Timo Zumbro, 2014. "The Relationship Between Homeownership and Life Satisfaction in Germany," Housing Studies, Taylor & Francis Journals, vol. 29(3), pages 319-338, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Paul Frijters & John P. Haisken-DeNew & Michael Shields, 2003. "Estimating The Causal Effect of Income on Health: Evidence from Post Reunification East Germany," CEPR Discussion Papers 465, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    2. Dang, Rey & Houanti, L'Hocine & Sahut, Jean-Michel & Simioni, Michel, 2021. "Do women on corporate boards influence corporate social performance? A control function approach," Finance Research Letters, Elsevier, vol. 39(C).
    3. repec:hal:spmain:info:hdl:2441/f6h8764enu2lskk9p2m9mgp8l is not listed on IDEAS
    4. Geert Dhaene & Koen Jochmans, 2015. "Split-panel Jackknife Estimation of Fixed-effect Models," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 82(3), pages 991-1030.
    5. Luis Diaz-Serrano & Alexandrina P. Stoyanova, 2008. "The Causal Relationship between Individual’s Choice Behavior and Self-Reported Satisfaction: the Case of Residential Mobility in the EU," Working Papers XREAP2008-02, Xarxa de Referència en Economia Aplicada (XREAP), revised Mar 2008.
    6. repec:spo:wpmain:info:hdl:2441/f6h8764enu2lskk9p2m9mgp8l is not listed on IDEAS
    7. Đặng, Rey & Houanti, L’Hocine & Reddy, Krishna & Simioni, Michel, 2020. "Does board gender diversity influence firm profitability? A control function approach," Economic Modelling, Elsevier, vol. 90(C), pages 168-181.
    8. Amjad Naveed & Nisar Ahmad & Rayhaneh Esmaeilzadeh & Amber Naz, 2019. "Self-Employment Dynamics of Immigrants and Natives: Individual-level Analysis for the Canadian Labour Market," Sustainability, MDPI, vol. 11(23), pages 1-22, November.
    9. Lim, Jee-Hae & Stratopoulos, Theophanis C. & Wirjanto, Tony S., 2012. "Role of IT executives in the firm's ability to achieve competitive advantage through IT capability," International Journal of Accounting Information Systems, Elsevier, vol. 13(1), pages 21-40.
    10. Blumenstock, Joshua E. & Eagle, Nathan & Fafchamps, Marcel, 2016. "Airtime transfers and mobile communications: Evidence in the aftermath of natural disasters," Journal of Development Economics, Elsevier, vol. 120(C), pages 157-181.
    11. Díaz Serrano, Luis, 2008. "Individual Aspirations and Satisfaction:Quantifying the Importance of Homeownership," Working Papers 2072/13268, Universitat Rovira i Virgili, Department of Economics.
    12. Silvana Robone & Andrew Jones & Nigel Rice, 2011. "Contractual conditions, working conditions and their impact on health and well-being," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 12(5), pages 429-444, October.
    13. repec:spo:wpecon:info:hdl:2441/f6h8764enu2lskk9p2m9mgp8l is not listed on IDEAS
    14. Diaz-Serrano, Luis & Vieira, José António Cabral, 2005. "Low Pay, Higher Pay and Job Satisfaction within the European Union: Empirical Evidence from Fourteen Countries," IZA Discussion Papers 1558, Institute of Labor Economics (IZA).
    15. repec:hal:wpspec:info:hdl:2441/f6h8764enu2lskk9p2m9mgp8l is not listed on IDEAS
    16. Vredin Johansson, Maria & Heldt, Tobias & Johansson, Per, 2006. "The effects of attitudes and personality traits on mode choice," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(6), pages 507-525, July.
    17. Kerstin Bruckmeier & Katrin Hohmeyer & Stefan Schwarz, 2018. "Welfare receipt misreporting in survey data and its consequences for state dependence estimates: new insights from linked administrative and survey data," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 52(1), pages 1-21, December.
    18. Wang, Hui & Riedinger, Jeffrey & Jin, Songqing, 2015. "Land documents, tenure security and land rental development: Panel evidence from China," China Economic Review, Elsevier, vol. 36(C), pages 220-235.
    19. Adele Bergin, 2015. "Employer Changes and Wage Changes: Estimation with Measurement Error in a Binary Variable," LABOUR, CEIS, vol. 29(2), pages 194-223, June.
    20. Fernando Rios-Avila & Gustavo Canavire-Bacarreza, 2018. "Standard-error correction in two-stage optimization models: A quasi–maximum likelihood estimation approach," Stata Journal, StataCorp LLC, vol. 18(1), pages 206-222, March.
    21. Andrew E. Clark, 2018. "Four Decades of the Economics of Happiness: Where Next?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 64(2), pages 245-269, June.
    22. Ana Nuevo-Chiquero, 2014. "Out-of-Wedlock Fertility, Post-Pregnancy Choices and Contraceptive Usage," Working Papers 2014009, The University of Sheffield, Department of Economics.
    23. Peter Haan & Victoria Prowse, 2010. "A structural approach to estimating the effect of taxation on the labour market dynamics of older workers," Econometrics Journal, Royal Economic Society, vol. 13(3), pages 99-125, October.
    24. Mastrobuoni, Giovanni, 2011. "The role of information for retirement behavior: Evidence based on the stepwise introduction of the Social Security Statement," Journal of Public Economics, Elsevier, vol. 95(7-8), pages 913-925, August.

    More about this item

    Keywords

    housing mobility; fixed-effects; homeownership; random-effects; housing satisfaction;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General
    • J0 - Labor and Demographic Economics - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:iza:izadps:dp2318. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Holger Hinte (email available below). General contact details of provider: https://edirc.repec.org/data/izaaade.html .

    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.