Mental and general health at the edges of owner occupation
Purpose The purpose of this paper is to consider one test of a well-functioning housing system – its impact on wellbeing. Exploring one indicator of this, this study aims to track changes in mental and general health across a mix of tenure transitions and financial transactions in three jurisdictio...
| Main Authors: | , , , , , |
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| Format: | Journal Article |
| Published: |
Emerald
2023
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| Online Access: | http://hdl.handle.net/20.500.11937/91343 |
| _version_ | 1848765510710198272 |
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| author | Truong, Nguyen Tuan Khuong Smith, Susan Wood, Gavin Clark, William William, Lisowski ViforJ, Rachel |
| author_facet | Truong, Nguyen Tuan Khuong Smith, Susan Wood, Gavin Clark, William William, Lisowski ViforJ, Rachel |
| author_sort | Truong, Nguyen Tuan Khuong |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Purpose
The purpose of this paper is to consider one test of a well-functioning housing system – its impact on wellbeing. Exploring one indicator of this, this study aims to track changes in mental and general health across a mix of tenure transitions and financial transactions in three jurisdictions: Australia, the UK and the USA.
Design/methodology/approach
Using matched variables from three national panel surveys (Household, Income and Labour Dynamics in Australia, British Household Panel Survey/Understanding Society and Panel Study of Income Dynamics) over 17 years (2000–2017) to capture the sweep of the most recent housing cycle, this study adopts a difference-in-difference random-effects model specification to estimate the mental and general health effects of tenure change and borrowing behaviours.
Findings
There is an enduring health premium associated with unmortgaged owner-occupation. Mortgage debt detracts from this, as does the prospect of dropping out of ownership and into renting. A previously observed post-exit recovery in mental health – a debt-relief effect – is not present in the longer run. In fact, in some circumstances, both mental and general health deficits are amplified, even among those who eventually regain homeownership. Though there are cross-country differences, the similarities across these financialised housing systems are more striking.
Practical implications
The well-being premium traditionally associated with owner occupation is under threat at the edges of the sector in all three jurisdictions. In this, there is cross-national convergence. There may therefore be scope to introduce policies to better support households at the edges of ownership that work across the board for debt-funded ownership-centred housing systems.
Originality/value
This paper extends the duration of a previous analysis of the impact of tenure transitions and financial transactions on well-being at the edges of ownership in the UK and Australia. The authors now track households over nearly two decades from the start of the millennium into a lengthy (post-global financial crisis) era of declining housing affordability. This study adds to the reach of the earlier study by adding a general health variable and a third jurisdiction, the USA. |
| first_indexed | 2025-11-14T11:36:24Z |
| format | Journal Article |
| id | curtin-20.500.11937-91343 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:36:24Z |
| publishDate | 2023 |
| publisher | Emerald |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-913432023-05-09T08:06:06Z Mental and general health at the edges of owner occupation Truong, Nguyen Tuan Khuong Smith, Susan Wood, Gavin Clark, William William, Lisowski ViforJ, Rachel Purpose The purpose of this paper is to consider one test of a well-functioning housing system – its impact on wellbeing. Exploring one indicator of this, this study aims to track changes in mental and general health across a mix of tenure transitions and financial transactions in three jurisdictions: Australia, the UK and the USA. Design/methodology/approach Using matched variables from three national panel surveys (Household, Income and Labour Dynamics in Australia, British Household Panel Survey/Understanding Society and Panel Study of Income Dynamics) over 17 years (2000–2017) to capture the sweep of the most recent housing cycle, this study adopts a difference-in-difference random-effects model specification to estimate the mental and general health effects of tenure change and borrowing behaviours. Findings There is an enduring health premium associated with unmortgaged owner-occupation. Mortgage debt detracts from this, as does the prospect of dropping out of ownership and into renting. A previously observed post-exit recovery in mental health – a debt-relief effect – is not present in the longer run. In fact, in some circumstances, both mental and general health deficits are amplified, even among those who eventually regain homeownership. Though there are cross-country differences, the similarities across these financialised housing systems are more striking. Practical implications The well-being premium traditionally associated with owner occupation is under threat at the edges of the sector in all three jurisdictions. In this, there is cross-national convergence. There may therefore be scope to introduce policies to better support households at the edges of ownership that work across the board for debt-funded ownership-centred housing systems. Originality/value This paper extends the duration of a previous analysis of the impact of tenure transitions and financial transactions on well-being at the edges of ownership in the UK and Australia. The authors now track households over nearly two decades from the start of the millennium into a lengthy (post-global financial crisis) era of declining housing affordability. This study adds to the reach of the earlier study by adding a general health variable and a third jurisdiction, the USA. 2023 Journal Article http://hdl.handle.net/20.500.11937/91343 10.1108/IJHMA-12-2022-0180 Emerald fulltext |
| spellingShingle | Truong, Nguyen Tuan Khuong Smith, Susan Wood, Gavin Clark, William William, Lisowski ViforJ, Rachel Mental and general health at the edges of owner occupation |
| title | Mental and general health at the edges of owner occupation |
| title_full | Mental and general health at the edges of owner occupation |
| title_fullStr | Mental and general health at the edges of owner occupation |
| title_full_unstemmed | Mental and general health at the edges of owner occupation |
| title_short | Mental and general health at the edges of owner occupation |
| title_sort | mental and general health at the edges of owner occupation |
| url | http://hdl.handle.net/20.500.11937/91343 |