Homeownership in old age and at the time of death

Gary V. Engelhardt; Michael D. Eriksen

doi:10.1016/j.econlet.2022.110340

Homeownership in old age and at the time of death

Research output: Contribution to journal › Article › peer-review

Abstract

We construct estimates of U.S. homeownership rates as individuals age and die, using exit-interview data from the Health and Retirement Study. Homeownership falls to under 8% among the oldest old (centenarians). However, most Americans do not live that long—40%–50% die as homeowners. For those, 16% of housing assets are spent down in the final 16 months of life. The remainder is transferred to surviving spouses (52%) and other heirs (32%).

Original language	English (US)
Article number	110340
Journal	Economics Letters
Volume	212
DOIs	https://doi.org/10.1016/j.econlet.2022.110340
State	Published - Mar 2022

Keywords

Bequests
Elderly homeownership

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2022.110340

Cite this

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title = "Homeownership in old age and at the time of death",

abstract = "We construct estimates of U.S. homeownership rates as individuals age and die, using exit-interview data from the Health and Retirement Study. Homeownership falls to under 8% among the oldest old (centenarians). However, most Americans do not live that long—40%–50% die as homeowners. For those, 16% of housing assets are spent down in the final 16 months of life. The remainder is transferred to surviving spouses (52%) and other heirs (32%).",

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AB - We construct estimates of U.S. homeownership rates as individuals age and die, using exit-interview data from the Health and Retirement Study. Homeownership falls to under 8% among the oldest old (centenarians). However, most Americans do not live that long—40%–50% die as homeowners. For those, 16% of housing assets are spent down in the final 16 months of life. The remainder is transferred to surviving spouses (52%) and other heirs (32%).

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KW - Elderly homeownership

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ER -

Homeownership in old age and at the time of death

Abstract

Keywords

ASJC Scopus subject areas

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