Late starters or excluded generations? A cohort analysis of catch up in homeownership in England

Renata Bottazzi, Thomas Crossley () and Matthew Wakefield

Koç University-TUSIAD Economic Research Forum Working Papers from Koc University-TUSIAD Economic Research Forum

Abstract: We investigate whether initial differences in speed of entry into homeownership lead to longlasting differences in ownership between generations. Our data span nearly forty years and multiple cycles of England’s very volatile house prices. We document that ownership rates at thirty have differed substantially, with a significant negative association with prices. To assess the persistence of these differences we use synthetic cohort methods. Measurement error problems – attenuation and other biases - complicate the analysis. Two methods of dealing with this both indicate that cohorts with low ownership rates at thirty close about 80% of the ownership gap by forty.

Keywords: homeownership; synthetic cohort data; measurement error. (search for similar items in EconPapers)
JEL-codes: R21 R31 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2012-06
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (1)

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Working Paper: Late starters or excluded generations? A cohort analysis of catch up in home ownership in England (2012)
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