Table 7.
Change in Costs Per Room Associated with Mobility across Regions or States
| United States | All Owners | Owners who remained owners | Owners who became renters | |||
|---|---|---|---|---|---|---|
|
| ||||||
| coeff | t | coeff | t | coeff | t | |
|
|
||||||
| 50–59 | −27.1 | −0.04 | 127.8 | 0.13 | 158.1 | 0.14 |
| 60–69 | −1481.1 | −1.83 | −1871.3 | 1.91 | 856.9 | 0.49 |
| 70–79 | −678.5 | −0.64 | −391.9 | 0.25 | −582.9 | 0.38 |
| 80+ | −2297.4 | −1.42 | −1457.3 | 0.61 | −7094.0 | 2.91 |
| 1991–2005 | −7.3 | −0.01 | −194.4 | 0.18 | 0.24 | 0.00 |
| United States | All renters | Renters who remained renters | Renters who became owners | |||
|---|---|---|---|---|---|---|
|
| ||||||
| coeff | t | Coeff | t | coeff | t | |
|
|
||||||
| 50–59 | 120.1 | 0.89 | 196.9 | 1.18 | 77.1 | 0.25 |
| 60–69 | −70.7 | −0.48 | 55.9 | 0.29 | −187.3 | 0.60 |
| 70–79 | 180.7 | 0.72 | 221.7 | 0.74 | 61.7 | 0.09 |
| 80+ | −383.5 | −1.17 | −407.3 | 1.24 | NC | NC |
| 1991–2005 | −60.9 | −0.37 | −57.1 | 0.27 | −207.9 | 0.56 |
| Britain | All renters | Owners who remained owners | Owners who became renters | |||
|---|---|---|---|---|---|---|
|
| ||||||
| coeff | t | Coeff | t | |||
|
|
||||||
| 50–59 | −3534.4 | −3.35 | −3589.5 | −3.20 | 750.8 | 0.29 |
| 60–69 | −3764.7 | −3.07 | −4192.0 | −3.38 | −396.5 | −0.12 |
| 70–79 | −272.5 | −0.16 | −1048.4 | −0.62 | (3600.2) | 0.82 |
| 80+ | (4089.38) | 1.33 | (1146.0) | 0.26 | (4472.8) | 1.00 |
| Britain | All renters | Renters who remained renters | Renters who became owners | |||
|---|---|---|---|---|---|---|
|
| ||||||
| coeff | t | Coeff | t | Coeff | t | |
|
|
||||||
| 50–59 | 25.1 | 0.29 | −77.0 | −0.97 | (198.6) | 0.82 |
| 60–69 | −113.5 | −1.33 | −123.6 | −1.72 | (−198.5) | −0.60 |
| 70–79 | −75.9 | −0.74 | (−89.9) | −1.08 | (−18.6) | −0.05 |
| 80+ | (−48.3) | −0.27 | (−60.5) | −0.45 | NC | NC |
NC = no cases.
Note: This table lists the estimated change in location-specific housing costs associated with each move that was across states in the United States or across regions in Britain. When a move changes type of tenure (such as owner-renter or renter-owner) we evaluate the new location cost at the tenure type pre move. Individuals changing tenure from owning or renting to “other” are not reported as a separate group. To eliminate the confounding effect of housing price inflation, we compare origin and destination housing prices in the wave prior to the actual move. The data used are the PSID for years 1969–2005 and the BHPS for years 1991–2007. The coefficients in each column are from separate models of housing costs with age bands as explanatory variables and the constant term suppressed. The only explanatory variables are the age bands with the constant term suppressed. The American model adds a dummy for years 1991–2005 to make test whether there were significant time trends which there are not. Numbers in parentheses indicate cells with less than 10 cases.