Family Dynamics and First-time Homeownership

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Family Dynamics and First-time Homeownership
Contact a.w.m.smits_at_uva.nl
Annika Smits Clara H. Mulder, University of
Amsterdam
Results
Motivation
Research question
The transition to first-time homeownership is
related to such household events as cohabitation
and marriage (Rossi, Clark et al) as well as to
parents homeownership (Henretta). We expect to
find that, for the Netherlands, these
relationships have changed during the last few
decades. More people have come to value
homeownership as an investment rather than a
risk. Furthermore, differences between married
and unmarried couples regarding the likelihood of
becoming homeowners are expected to have
decreased due to the changing meaning of
cohabitation and marriage.
Have the effects of household events and parental
homeownership on the transition to first-time
homeownership changed during the last decades?
We find that singles, cohabiters, and those who
are just starting cohabitation have become more
likely to become first-time homeowners than have
married people without children. The data did not
provide evidence for changes in the importance of
the intergenerational transmission of
homeownership.
Data
The Netherlands Kinship Panel Study has been
used. We constructed a person-year file of
111,201 years from 5079 respondents.
Transition to first-time homeownership, odds
ratios
becoming homeowner for each household status
category, per year
becoming homeowner for each parents tenure
category, per year
Method
Discrete-time hazard analyses of the transition
to first-time homeownership were performed using
logistic regression analysis of person-years.