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The Relationship Between Homeownership and Life Satisfaction in Germany

Timo Zumbro

Research article in edited proceedings (conference) | Peer reviewed

Abstract

The article investigates the relationship between life satisfaction and homeownership in Germany using, SOEP data from 1992 to 2009. While controlling for personal characteristics as well as various regional and dwelling attributes, ordered logit models support a marginal, though positive relationship. In addition, other household attributes such as the condition of the dwelling and the neighborhood area, exert a significant effect on life satisfaction. Further, the results confirm a significant interaction between homeownership and the condition of the dwelling as well as homeownership and the financial burden of the household. However, regression models with fixed effects also reveal, unobserved differences between homeowners and renters.

Details about the publication

Publisher: Center of Applied Economic Research Münster
Title of series: CAWM Discussion Paper
Volume of series: 44
Status: Published
Release year: 2011
Language in which the publication is written: English
Conference: 13th INFER Annual Conference, London, undefined
Keywords: homeownership; housing; subjective well-being; life satisfaction

Authors from the University of Münster

Zumbro, Timo
Institute for Public and Regional Economics (INWIRE)