Homeownership and Wealth in Switzerland and Germany

Détails

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Etat: Public
Version: de l'auteur
ID Serval
serval:BIB_8D626F46D3C0
Type
Partie de livre
Sous-type
Chapitre: chapitre ou section
Collection
Publications
Titre
Homeownership and Wealth in Switzerland and Germany
Titre du livre
Life Course Research and Social Policies
Auteur(s)
Kuhn Ursina, Grabka Markus
Editeur
Springer International Publishing
ISBN
9783319895567
9783319895574
ISSN
2211-7776
2211-7784
Statut éditorial
Publié
Date de publication
2018
Peer-reviewed
Oui
Editeur scientifique
Tillmann Robin, Voorpostel Marieke, Farago Peter
Volume
9
Série
Life Course Research and Social Policies book series
Pages
175-185
Langue
anglais
Résumé
Property wealth represents the most important wealth component in nearly all OECD countries. Homeownership is linked to wealth accumulation in several ways: Wealthier households are more likely to buy a house or apartment, home owners tend to save more and rising house values typically yield higher returns than money in a bank account. Moreover, owners can borrow on a mortgage to finance, e.g., the formation of an enterprise or other economic activities. At the aggregate level, these relations can explain why countries with low rates of homeownership tend to have a high wealth inequality.
This paper looks at wealth and homeownership in Germany and Switzerland. These countries show the lowest proportion of owner-occupiers in Europe and a high wealth inequality. We analyse to what extent this high inequality can be explained by homeownership status. In the first part of this contribution, we review explanations for the low share of owner-occupiers in the two countries. In the second part, we analyse wealth and homeownership empirically using data of the SHP and the German Socio-Economic Panel (SOEP) from 2012. We make use of decomposition methods to analyse how renter and owner households differ in wealth levels and wealth inequality.
Open Access
Oui
Création de la notice
20/06/2018 7:42
Dernière modification de la notice
20/08/2019 14:51
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