Centre for Policy on Ageing



There's no place like home — a hazard model analysis of aging in place among older homeowners in the PSID
Author(s)	Joseph J Sabia
Journal title	Research on Aging, vol 30, no 1, January 2008
Pages	pp 3-35
Keywords	Ageing process ; Owner occupied dwellings ; Neighbourhoods, communities etc ; Attitude ; Mathematical models ; Longitudinal surveys ; United States of America.
Annotation	Housing surveys consistently report that older Americans prefer to remain living in their homes for as long as they are physically able. This study uses hazards models to estimate the effects of family composition changes, health conditions, housing characteristics, and local policies and amenities on ageing in place decisions by older homeowners in the 1972-1992 Panel Study of Income Dynamics (PSID). The empirical results show that increases in property taxes and utility costs, changes in family composition, and diminished physical well-being are negatively associated with ageing in place. Increased home equity, greater financial resources, and stronger ties in the community are positively associated with ageing in place. Taken together, these findings suggest that policies designed to reduce the user cost of home ownership or to enhance older homeowners' functionality may facilitate ageing in place. (RH).
Accession Number	CPA-080121210 A
Classmark	BG: KEA: RH: DP: 3LM: 3J: 7T
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...from the Ageinfo database published by Centre for Policy on Ageing.