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This study examines how demographic changes lead to different household structures and housing choices among different age groups. It argues that the cointegration of demography, housing market, and wealth have shaped housing demand in the country over time. The results have important often...
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Homeownership rates and holdings of housing wealth differ immensely across countries. We specify and estimate a life … explanatory factors for long-run, structural differences in the extensive and intensive margins of housing: the homeownership rate … wealth. We find that all three groups of factors matter, although preferences less so. Differences in homeownership rates are …
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