The Relationship Between Homeownership and Life Satisfaction in Germany

Timo Zumbro


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.

Keywords
homeownership; housing; subjective well-being; life satisfaction



Publication type
Conference Paper

Peer reviewed
No

Publication status
Published

Year
2011

Conference
13th INFER Annual Conference

Venue
London

Editor
Center of Applied Economic Research Münster

Volume
44

Title of series
CAWM Discussion Paper

Language
English