IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/96047.html
   My bibliography  Save this paper

Intergenerational transmission of homeownership decisions in Spain

Author

Listed:
  • Morales, Marina

Abstract

The aim of this paper is to analyze whether parent’s decision about owning one’s own dwelling may be an important determinant of the future homeownership decisions of their children in Spain. To address this issue, we use data from the Survey of Living Conditions (2011). Our results confirm the intergenerational transmission of homeownership in Spain, in such a way that the probability that the respondent own their home is determined, although not exclusively, by their parent’s homeownership decision during their teenage years.

Suggested Citation

  • Morales, Marina, 2019. "Intergenerational transmission of homeownership decisions in Spain," MPRA Paper 96047, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:96047
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/96047/1/MPRA_paper_96047.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. José Alberto Molina & María Navarro & Ian Walker, 2011. "Intergenerational Well‐Being Mobility in Europe," Kyklos, Wiley Blackwell, vol. 64(2), pages 253-270, May.
    2. Miriam Marcén & Marina Morales, 2020. "The effect of culture on home‐ownership," Journal of Regional Science, Wiley Blackwell, vol. 60(1), pages 56-87, January.
    3. Rosa Duarte & Sandra Ferrando-Latorre & José Alberto Molina, 2018. "How to escape poverty through education?: intergenerational evidence in Spain," Applied Economics Letters, Taylor & Francis Journals, vol. 25(9), pages 624-627, May.
    4. Diaz-Serrano, Luis, 2005. "Labor income uncertainty, skewness and homeownership: A panel data study for Germany and Spain," Journal of Urban Economics, Elsevier, vol. 58(1), pages 156-176, July.
    5. Haurin, Donald R. & Kamara, Duewa A., 1992. "The homeownership decision of female-headed households," Journal of Housing Economics, Elsevier, vol. 2(4), pages 293-309, December.
    6. Karl E. Case & Robert J. Shiller, 2003. "Is There a Bubble in the Housing Market?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 34(2), pages 299-362.
    7. Julien Dupont & Dominique Guellec & Joaquim Oliveira Martins, 2011. "OECD Productivity Growth in the 2000s: A Descriptive Analysis of the Impact of Sectoral Effects and Innovation," OECD Journal: Economic Studies, OECD Publishing, vol. 2011(1), pages 1-23.
    8. Aaronson, Daniel, 2000. "A Note on the Benefits of Homeownership," Journal of Urban Economics, Elsevier, vol. 47(3), pages 356-369, May.
    9. Charles Himmelberg & Christopher Mayer & Todd Sinai, 2005. "Assessing High House Prices: Bubbles, Fundamentals and Misperceptions," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 67-92, Fall.
    10. Catalina Amuedo-Dorantes & Kusum Mundra, 2013. "Immigrant Homeownership and Immigration Status: Evidence from Spain," Review of International Economics, Wiley Blackwell, vol. 21(2), pages 204-218, May.
    11. Green, Richard K. & White, Michelle J., 1997. "Measuring the Benefits of Homeowning: Effects on Children," Journal of Urban Economics, Elsevier, vol. 41(3), pages 441-461, May.
    12. J. Ignacio Gimenez-Nadal & Jose Alberto Molina & Raquel Ortega, 2017. "Like my parents at home? Gender differences in children’s housework in Germany and Spain," Empirical Economics, Springer, vol. 52(4), pages 1143-1179, June.
    13. repec:dau:papers:123456789/7961 is not listed on IDEAS
    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. Marina Morales, 2021. "Intergenerational transmission of fertility outcomes in Spain," Manchester School, University of Manchester, vol. 89(4), pages 315-329, July.
    2. Morales, Marina, 2020. "Intergenerational transmission of fertility decisions in Spain," MPRA Paper 102046, University Library of Munich, Germany.

    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. Tan, Teck Hong, 2008. "Determinants of homeownership in Malaysia," MPRA Paper 34950, University Library of Munich, Germany.
    2. Miriam Marcén & Marina Morales, 2020. "The effect of culture on home‐ownership," Journal of Regional Science, Wiley Blackwell, vol. 60(1), pages 56-87, January.
    3. Oikarinen, Elias, 2009. "Household borrowing and metropolitan housing price dynamics - Empirical evidence from Helsinki," Journal of Housing Economics, Elsevier, vol. 18(2), pages 126-139, June.
    4. Tan, Teck Hong, 2008. "Determinants of homeownership in Malaysia," MPRA Paper 34909, University Library of Munich, Germany.
    5. Hertrich Markus, 2019. "A Novel Housing Price Misalignment Indicator for Germany," German Economic Review, De Gruyter, vol. 20(4), pages 759-794, December.
    6. Wang, Jia & Winters, John V. & Yuan, Weici, 2022. "Can legal status help unauthorized immigrants achieve the American dream? Evidence from the Deferred Action for Childhood Arrivals program," Regional Science and Urban Economics, Elsevier, vol. 95(C).
    7. Gabriele Galati & Federica Teppa & Rob Alessie, 2013. "Heterogeneity in house price dynamics," DNB Working Papers 371, Netherlands Central Bank, Research Department.
    8. Todd Sinai, 2012. "House Price Moments in Boom-Bust Cycles," NBER Chapters, in: Housing and the Financial Crisis, pages 19-68, National Bureau of Economic Research, Inc.
    9. Giorgio Canarella & Stephen M. Miller & Stephen K. Pollard, 2010. "Unit Roots and Structural Change: An Application to US House-Price Indices," Working papers 2010-04, University of Connecticut, Department of Economics, revised Dec 2010.
    10. Carlos Garriga & Aaron Hedlund & Yang Tang & Ping Wang, 2023. "Rural-Urban Migration, Structural Transformation, and Housing Markets in China," American Economic Journal: Macroeconomics, American Economic Association, vol. 15(2), pages 413-440, April.
    11. Wen-Chi LIU, 2016. "Do Multiple Housing Bubbles Exist in China? Further Evidence from Generalized Sup ADF Tests," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 135-145, December.
    12. Patrick Bajari & Chenghuan Sean Chu & Minjung Park, 2008. "An Empirical Model of Subprime Mortgage Default From 2000 to 2007," NBER Working Papers 14625, National Bureau of Economic Research, Inc.
    13. Berg, Tobias & Haselmann, Rainer & Kick, Thomas & Schreiber, Sebastian, 2023. "Unintended consequences of QE: Real estate prices and financial stability," IMFS Working Paper Series 196, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    14. Gerardi Kristopher & Willen Paul, 2009. "Subprime Mortgages, Foreclosures, and Urban Neighborhoods," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(3), pages 1-37, March.
    15. Gelain, Paolo & Lansing, Kevin J., 2014. "House prices, expectations, and time-varying fundamentals," Journal of Empirical Finance, Elsevier, vol. 29(C), pages 3-25.
    16. Konstantin Kholodilin, 2015. "Speculative Bubbles in Urban Housing Markets in Germany," ERSA conference papers ersa15p67, European Regional Science Association.
    17. Michael Berlemann & Julia Freese & Sven Knoth, 2020. "Dating the start of the US house price bubble: an application of statistical process control," Empirical Economics, Springer, vol. 58(5), pages 2287-2307, May.
    18. Efthymios Pavlidis & Alisa Yusupova & Ivan Paya & David Peel & Enrique Martínez-García & Adrienne Mack & Valerie Grossman, 2016. "Episodes of Exuberance in Housing Markets: In Search of the Smoking Gun," The Journal of Real Estate Finance and Economics, Springer, vol. 53(4), pages 419-449, November.
    19. Lisa L. Mohanty & Lakshmi K. Raut, 2009. "Home Ownership and School Outcomes of Children: Evidence from the PSID Child Development Supplement," American Journal of Economics and Sociology, Wiley Blackwell, vol. 68(2), pages 465-489, April.
    20. Marvin M. Smith & Christy Chung Hevener, 2011. "The Impact of Housing Rehabilitation on Local Neighborhoods: The Case of Small Community Development Organizations," American Journal of Economics and Sociology, Wiley Blackwell, vol. 70(1), pages 50-85, January.

    More about this item

    Keywords

    Homeownership; Intergenerational transmission; Spain;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

    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:pra:mprapa:96047. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.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.