Bakker, T. (2020) Demographic differences in tenure choice before and after the financial crisis in the Netherlands. Master thesis.
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Abstract
Tenure choice is the choice between renting or buying a house, that almost everyone makes once or more in their life. Tenure choice has been in the Dutch news lately since in certain areas where renting is hard, people with average incomes cannot buy houses anymore. This affects people their lives and has large welfare implications because a lot of the wealth of households is represented by housing equity. The outcomes of tenure choice on aggregated level affect the economy, housing market and building patterns. The association between demographic characteristics and tenure choice is often found in scientific research. In this research: age, couple status, migration background and income are central. Binary logistic regression models are used to test the expected associations between these demographic characteristics and tenure choice in the Dutch WoON dataset. Later, interaction variables are used to see if associations differ before, during and after the GFC, which is expected because of the increasing risk of house buying. With the interactions being significant our model suggests that associations of the demographic characteristics with tenure choice differs before, during and after the GFC. For age and income, the positive association with homeownership increased, for being a couple and native Dutch, the positive association with homeownership decreased during and after the GFC. This means that not all demographic groups with high homeownership rates have become relatively more likely to own a home during and after the GFC.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Duijn, M. van |
| Date Deposited: | 30 Apr 2020 10:05 |
| Last Modified: | 30 Apr 2020 10:07 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/3187 |
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