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The political economy of homeownership

A Comparative Analysis of Homeownership Ideology Through Party Manifestos

Datos Bibliográficos

ID4885430
AutoresSebastian Kohl (0000-0002-8358-6021, Max Planck Institute for the Study of Societies, Paulstr. 3, 50676 Köln, Germany, autor de correspondencia)
Año2021
Volumen18
Número4
Páginas913-940
Fecha de publicación2021-02-25
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaSocio-Economic Review (JOURNAL)
Identificadores de la revistaISSN: 1475-1461 • E-ISSN: 1475-147X
EditorialOxford University Press (PUBLISHER • GB)
DOI10.1093/ser/mwy030
OpenAlexW2831945910
IdiomaEN
Citas recibidas41
Referencias citadas30

America's 'infatuation with homeownership' has been identified as one cause of the latest financial crisis. Based on codings of 1809 party manifestos in 19 countries since 1945, this article addresses the question of where the political ideal to democratize homeownership came from. While conservative parties have defended homeownership across countries and time, centre-left parties have oscillated between a pro-homeownership and a pro-rental position. The former occurs in Anglo-Saxon, Northern and Southern European countries, while the latter prevails among German-speaking countries. Beyond partisan effects, once a country has a majority of homeowners and parties defending homeownership, larger parties are more likely to support it. The extent of centre-left parties' support for homeownership is further associated with higher homeownership rates, more encouraging mortgage regimes and a bigger housing bubble burst after 2007. The ideational origins of the financialization of housing and private Keynesianism are, after all, not only conservative and market-liberal

Apartment · Economics · Financialization · Geography · German · Ideology · Market economy · Political economy · Political science · Politics · Renting · Housing Market and Economics · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US

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Obras citantes distintas41
Citas por año5,86
Intervalo de citas2019 - 2026 (8)
Velocidad de citacióncurrent
Altamente citadoNo
Tipos de citaNeutras: 36
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