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Family formation, parental background and young adults’ first entry into homeownership in Britain and Germany

Bayrakdar, S; Coulter, RC; Lersch, PM; Vidal, S; (2019) Family formation, parental background and young adults’ first entry into homeownership in Britain and Germany. Housing Studies 10.1080/02673037.2018.1509949. (In press). Green open access

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Abstract

Although previous research shows that family dynamics and parental socioeconomic status influence the timing of young adults’ first entry into homeownership, much less is known about how the role of family factors may vary across countries with different housing systems. In this article, we use panel survey data from Britain and Germany to compare how family life course careers and parental socioeconomic background influence young adults’ initial entry into homeownership in these two divergent national contexts. The results show that in Britain, first-time homeownership transitions are tightly synchronized with partnership formation. By contrast, in Germany first moves into homeownership typically occur later around or after the arrival of children. Parental owner-occupation accelerates entry into homeownership in both contexts, while the effects of other parental characteristics are relatively muted. Furthermore, the results highlight how individual socioeconomic factors are critical determinants of entering owner-occupation. This is particularly true in Britain where there is a strong socioeconomic gradient in first-time homeownership transitions.

Type: Article
Title: Family formation, parental background and young adults’ first entry into homeownership in Britain and Germany
Open access status: An open access version is available from UCL Discovery
DOI: 10.1080/02673037.2018.1509949
Publisher version: https://doi.org/10.1080/02673037.2018.1509949
Language: English
Additional information: © 2018 The Author(s). This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Keywords: Families, homeownership, life course, social stratification, young adults
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Geography
URI: https://discovery.ucl.ac.uk/id/eprint/10053675
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