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Family and housing value Does the value of housing run in the family?

Family and housing value Does the value of housing run in the family?. Annika Smits Francesca Michielin Fourth International Conference on Population Geographies Hong Kong, July 10-13 2007. ‘Children are similar to their parents’ Social stratification research: Education Income

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Family and housing value Does the value of housing run in the family?

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  1. Family and housing valueDoes the value of housing run in the family? Annika Smits Francesca Michielin Fourth International Conference on Population Geographies Hong Kong, July 10-13 2007

  2. ‘Children are similar to their parents’ Social stratification research: Education Income Housing research: Housing quality (Jenkins & Maynard 1983) Tenure (Henretta 1984) 1. Introduction

  3. All else equal, the value of the parents’ house and that of their adult children are positively related Controls: Characteristics of the parents (income, household status, tenure, number of children) Individual characteristics (age, gender, income, household status, having children, migrant status) Log distance to the parents * value of the parents’ house 2. Hypothesis

  4. Social Statistical Database 2003 Register data on the whole Netherlands population (N=16,494,457) Value of homes registered in euros for 89% (N=14,685,151) 3. Data (1): source

  5. WOZ=value of property used for taxes, based on Type of property Neighborhood Year built Size Price of similar property WOZ is calculated for ALL property, also rented property 3. Data (2): housing value

  6. Persons living in the Netherlands Age 18-55 Housing value of at least one parent Not living in institutions No students Housing values between 10,000 and 1,000,000 euros N=4,162,281 3. Data (3): Selection

  7. 4. Method • Multivariate Regression Analyses of housing value • Model 1: value of the parents house • Model 2: value of the parents house + characteristics of the parents • Model 3: value of the parents house + characteristics of the parents + characteristics of the child

  8. 5. Results (1) Effect significant at .01 level

  9. 5. Results (2) Effects significant at .01 level

  10. 5. Results (3) Effects significant at .01 level ^ = not significant

  11. 5. Results (3 continued)

  12. Thank you for your attention

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