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Housing Mobility and Downsizing at Older Ages in Britain and the USA

Bibliographic Data

ID9722281
AuthorsJames Banks (0000-0002-9726-8921, Institute for Fiscal Studies), Richard Blundell (0000-0003-1588-2299, Institute for Fiscal Studies), Zoë Oldfield (Institute for Fiscal Studies), James P Smith (0000-0001-7432-126X, RAND Corporation)
Year2012
Volume79
Issue313
Pages1-26
Publication date2012-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomica (JOURNAL)
Journal identifiersISSN: 0013-0427 • E-ISSN: 1468-0335
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1468-0335.2011.00878.x
PMID23888295
PMCIDPMC3719412
OpenAlexW2178681466
LanguageEN
Citations received24
References cited7

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

Business · Consumption (sociology) · Demographic economics · Distribution (mathematics) · Economics · Geography · Incentive · Labour economics · Market economy · Political science · Rental housing · Renting · Sociology · Subsidized housing · Subsidy · Housing Market and Economics · Housing, Finance, and Neoliberalism · Migration, Aging, and Tourism Studies

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Unique citing works24
Citations per year1,85
Citation span2013 - 2026 (14)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 20
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