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Journal Article

Housing mobility and downsizing at older ages in Britain and the USA

Authors

Publication date

2011

Abstract

This paper examines geographic mobility and housing downsizing at older ages in Britain and the USA. Americans downsize housing much more than the British largely because Americans are much more mobile. The principal reasons for greater mobility among older Americans are twofold: (1) greater spatial distribution of geographic distribution of amenities (such as warm weather) and housing costs; (2) greater institutional rigidities in subsidized British rental housing providing stronger incentives for British renters not to move. This relatively flat British housing consumption with age may have significant implications for the form and amount of consumption smoothing at older ages.

Published in

Economica

DOI

http://dx.doi.org/10.1111/j.1468-0335.2011.00878.x

ISSN

16

Subjects

Older People, Migration, and Housing Market

Links

http://serlib0.essex.ac.uk/record=b1597373~S5

Notes

Early View (15 MAR 2011); Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*


Related publications

  1. Housing mobility and downsizing at older ages in Britain and the United States

    James Banks, Richard Blundell, Zoe Oldfield, et al.

    1. Older People
    2. Housing Market

#519829


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