Footnote:
In: Urban Studies, 49(12), 2669-2691
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 1, 2011 erstellt
Description:
We analyse the impact of homeownership on neighbourhood safety and neighbourhood satisfaction, using a unique panel dataset for the city of Rotterdam. Our results show that there are significant, but economically small, effects of homeownership on safety and satisfaction. Moreover, the relation between ownership and satisfaction is significantly moderated by neighbourhood safety. We examine whether the marginal impact of increases in homeownership on external effects diminish once ownership levels are higher. According to our data this seems to be the case. The results are robust to alternative specifications. Our findings provide insights for the evaluation of housing market policies that subsidise or stimulate homeownership