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作者

来源

JOURNAL OF HOUSING ECONOMICS,Vol.44,P.99-111

语言

英文

关键字

Adaptation; Homeownership; Subjective well-being; LIFE SATISFACTION; HOME-OWNERSHIP; ADAPTATION; CONSEQUENCES; BENEFITS; INCOME; MODEL; TIME

作者单位

[Stotz, Olaf] Frankfurt Sch Finance & Management, Adickesallee 32-34, D-60322 Frankfurt, Germany. Stotz, O (reprint author), Frankfurt Sch Finance & Management, Adickesallee 32-34, D-60322 Frankfurt, Germany. E-Mail: olaf.stotz@gmx.de

摘要

This paper investigates the effects of the ownership decision in the short-term and the long-term on subjective well-being. In the short-term, the subjective well-being score increases by about one point (on an eleven-point scale) on average, indicating the positive effects of ownership and confirming previous research. The long-term ownership effects, however, are considerably smaller, and owners perceive their subjective well-being to be about 0.7 points higher than before they bought their home. The results provide an explanation for this difference: individuals tend to adapt to their new housing situations after they have bought a home. The size of these ownership effects varies across different groups.