Skip to main content
Erschienen in: Social Indicators Research 2/2024

27.12.2023 | Original Research

The Impact of Housing Tenure on Financial Wellbeing Among Elderly Australians

verfasst von: Gilles E. Gignac, Adrian Gepp, Terence J. O’Neill, Rui Xue

Erschienen in: Social Indicators Research | Ausgabe 2/2024

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

Homeownership rates are declining in many countries and the potential impact on financial wellbeing is largely unknown. Additionally, the potential impact may be expected to be larger for women than men, as women tend to value homeownership more than men. Finally, financial literacy may play a role on financial wellbeing via a positive effect onto housing tenure (i.e., renter, mortgagor, outright homeowner). On the basis of a community sample of older Australians (N = 2608), we tested a model with housing tenure as a predictor of financial wellbeing, controlling for the effects of wealth, income, age, and marital status. Housing tenure yielded a significant, positive, unique effect onto financial wellbeing. We failed to find evidence that the effect of housing tenure on financial wellbeing was larger for women than men. Finally, financial literacy was associated positively with financial wellbeing; and, the effect was entirely mediated positively by housing tenure, wealth and income. We conclude that outright homeownership may accord approximately 10% greater financial wellbeing than renting (and ≈ 6% greater than mortgaged) in Australian seniors. Furthermore, higher levels of financial literacy may play a unique role in facilitating better housing tenure.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Anhänge
Nur mit Berechtigung zugänglich
Fußnoten
1
Based on calculated results derived from Porter et al.’s (2020) Figure 5.8.
 
2
According to Storchi and Johnson (2016, p. 4), financial capability is the “the combination of attitude, knowledge, skills, and self-efficacy needed to make and exercise money management decisions that best fit the circumstances of one’s life…”.
 
3
Wealth evidenced a statistically significantly greater effect onto financial wellbeing than income (∆β = .19, p < .001) and housing tenure (∆β = .28, p < .001), and income evidenced a statistically significantly greater onto financial wellbeing than housing tenure (∆β = .09, p = .002).
 
4
Due to the unavailability of Games-Howell procedure for ANCOVA (robust to unequal variances/sample sizes), we utilized Fisher's LSD procedure with 99% confidence to mitigate Type I error risk.
 
5
The wealth mean and standard deviation were 5.82 and 2.82, respectively. The mean of 5.82 corresponded to $282 k. Ten percent (i.e., β = .10) of a 2.82 standard deviation corresponds to .282. Therefore, .282/5.82 = .048; .048*$282 k = $13.54 k.
 
6
The income mean and standard deviation were 5.56 and 3.06, respectively. The mean of 5.56 corresponded to $56 k. Four percent (i.e., β = .04) of a 3.06 standard deviation corresponds to .122. Therefore, .122/5.56 = .022; .022*$56 k = $1.23 k.
 
Literatur
Zurück zum Zitat Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211.CrossRef Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211.CrossRef
Zurück zum Zitat Aladangady, A. (2017). Housing wealth and consumption: Evidence from geographically linked microdata. American Economic Review, 107(11), 3415–3446.CrossRef Aladangady, A. (2017). Housing wealth and consumption: Evidence from geographically linked microdata. American Economic Review, 107(11), 3415–3446.CrossRef
Zurück zum Zitat Anderson, J. C., & Gerbing, D. W. (1988). Structural equation modeling in practice: A review and recommended two-step approach. Psychological Bulletin, 103(3), 411–423.CrossRef Anderson, J. C., & Gerbing, D. W. (1988). Structural equation modeling in practice: A review and recommended two-step approach. Psychological Bulletin, 103(3), 411–423.CrossRef
Zurück zum Zitat Anderson, M. V., & Rutherford, M. D. (2013). Evidence of a nesting psychology during human pregnancy. Evolution and Human Behavior, 34(6), 390–397.CrossRef Anderson, M. V., & Rutherford, M. D. (2013). Evidence of a nesting psychology during human pregnancy. Evolution and Human Behavior, 34(6), 390–397.CrossRef
Zurück zum Zitat Arundel, R., & Ronald, R. (2021). The false promise of homeownership: Homeowner societies in an era of declining access and rising inequality. Urban Studies, 58(6), 1120–1140.CrossRef Arundel, R., & Ronald, R. (2021). The false promise of homeownership: Homeowner societies in an era of declining access and rising inequality. Urban Studies, 58(6), 1120–1140.CrossRef
Zurück zum Zitat Atalay, K., Edwards, R., & Liu, B. Y. (2017). Effects of house prices on health: New evidence from Australia. Social Science & Medicine, 192, 36–48.CrossRef Atalay, K., Edwards, R., & Liu, B. Y. (2017). Effects of house prices on health: New evidence from Australia. Social Science & Medicine, 192, 36–48.CrossRef
Zurück zum Zitat Bellante, D., & Green, C. A. (2004). Relative risk aversion among the elderly. Review of Financial Economics, 13(3), 269–281.CrossRef Bellante, D., & Green, C. A. (2004). Relative risk aversion among the elderly. Review of Financial Economics, 13(3), 269–281.CrossRef
Zurück zum Zitat Binswanger, J., & Carman, K. G. (2012). How real people make long-term decisions: The case of retirement preparation. Journal of Economic Behavior & Organization, 81(1), 39–60.CrossRef Binswanger, J., & Carman, K. G. (2012). How real people make long-term decisions: The case of retirement preparation. Journal of Economic Behavior & Organization, 81(1), 39–60.CrossRef
Zurück zum Zitat Bishara, A. J., & Hittner, J. B. (2012). Testing the significance of a correlation with nonnormal data: Comparison of Pearson, Spearman, transformation, and resampling approaches. Psychological Methods, 17(3), 399–417.PubMedCrossRef Bishara, A. J., & Hittner, J. B. (2012). Testing the significance of a correlation with nonnormal data: Comparison of Pearson, Spearman, transformation, and resampling approaches. Psychological Methods, 17(3), 399–417.PubMedCrossRef
Zurück zum Zitat Botha, F., de New, J.P., & Nicastro, A. (2020). Developing a short form version of the Commonwealth Bank–Melbourne Institute Reported Financial Well-being Scale. Commonwealth Bank of Australia and Melbourne Institute Financial Well-being Scales Technical Report No. 5. Melbourne: University of Melbourne. Botha, F., de New, J.P., & Nicastro, A. (2020). Developing a short form version of the Commonwealth Bank–Melbourne Institute Reported Financial Well-being Scale. Commonwealth Bank of Australia and Melbourne Institute Financial Well-being Scales Technical Report No. 5. Melbourne: University of Melbourne.
Zurück zum Zitat Botha, F., de New, J. P., de New, S. C., Ribar, D. C., & Salamanca, N. (2021). Implications of COVID-19 labour market shocks for inequality in financial wellbeing. Journal of Population Economics, 34(2), 655–689.PubMedPubMedCentralCrossRef Botha, F., de New, J. P., de New, S. C., Ribar, D. C., & Salamanca, N. (2021). Implications of COVID-19 labour market shocks for inequality in financial wellbeing. Journal of Population Economics, 34(2), 655–689.PubMedPubMedCentralCrossRef
Zurück zum Zitat Brown, S., & Gray, D. (2016). Household finances and well-being in Australia: An empirical analysis of comparison effects. Journal of Economic Psychology, 53, 17–36.CrossRef Brown, S., & Gray, D. (2016). Household finances and well-being in Australia: An empirical analysis of comparison effects. Journal of Economic Psychology, 53, 17–36.CrossRef
Zurück zum Zitat Brüggen, E. C., Hogreve, J., Holmlund, M., Kabadayi, S., & Löfgren, M. (2017). Financial well-being: A conceptualization and research agenda. Journal of Business Research, 79, 228–237.CrossRef Brüggen, E. C., Hogreve, J., Holmlund, M., Kabadayi, S., & Löfgren, M. (2017). Financial well-being: A conceptualization and research agenda. Journal of Business Research, 79, 228–237.CrossRef
Zurück zum Zitat Campbell, J. Y. (2006). Household finance. The Journal of Finance, 61(4), 1553–1604.CrossRef Campbell, J. Y. (2006). Household finance. The Journal of Finance, 61(4), 1553–1604.CrossRef
Zurück zum Zitat Carmel, E., & Leiser, D. (2020). The arrested deployment model of financial literacy. In T. Zaleskiewicz & J. Traczyk (Eds.), Psychological perspectives on financial decision making (pp. 121–140). Springer. Carmel, E., & Leiser, D. (2020). The arrested deployment model of financial literacy. In T. Zaleskiewicz & J. Traczyk (Eds.), Psychological perspectives on financial decision making (pp. 121–140). Springer.
Zurück zum Zitat Cho, Y., Li, S. M., & Uren, L. (2021). Understanding housing affordability in Australia. Australian Economic Review, 54(3), 375–386.CrossRef Cho, Y., Li, S. M., & Uren, L. (2021). Understanding housing affordability in Australia. Australian Economic Review, 54(3), 375–386.CrossRef
Zurück zum Zitat Clark, A.E., & Diaz-Serrano, L. (2021). The long-run effects of housing on well-being. Clark, A.E., & Diaz-Serrano, L. (2021). The long-run effects of housing on well-being.
Zurück zum Zitat Cole, S. A., & Shastry, G. K. (2009). Smart money: The effect of education, cognitive ability, and financial literacy on financial market participation (pp. 09–071). Harvard Business School. Cole, S. A., & Shastry, G. K. (2009). Smart money: The effect of education, cognitive ability, and financial literacy on financial market participation (pp. 09–071). Harvard Business School.
Zurück zum Zitat Colic-Peisker, V., & Johnson, G. (2012). Liquid life, solid homes: Young people, class and homeownership in Australia. Sociology, 46(4), 728–743.CrossRef Colic-Peisker, V., & Johnson, G. (2012). Liquid life, solid homes: Young people, class and homeownership in Australia. Sociology, 46(4), 728–743.CrossRef
Zurück zum Zitat Collins, J. M., & Urban, C. (2020). Measuring financial well-being over the lifecourse. The European Journal of Finance, 26(4–5), 341–359.CrossRef Collins, J. M., & Urban, C. (2020). Measuring financial well-being over the lifecourse. The European Journal of Finance, 26(4–5), 341–359.CrossRef
Zurück zum Zitat Deuflhard, F., Georgarakos, D., & Inderst, R. (2019). Financial literacy and savings account returns. Journal of the European Economic Association, 17(1), 131–164.CrossRef Deuflhard, F., Georgarakos, D., & Inderst, R. (2019). Financial literacy and savings account returns. Journal of the European Economic Association, 17(1), 131–164.CrossRef
Zurück zum Zitat Di, Z. X., & Liu, X. (2007). The importance of wealth and income in the transition to homeownership. Cityscape, 9, 137–151. Di, Z. X., & Liu, X. (2007). The importance of wealth and income in the transition to homeownership. Cityscape, 9, 137–151.
Zurück zum Zitat Diener, E., Emmons, R. A., Larsen, R. J., & Griffin, S. (1985). The Satisfaction with Life Scale. Journal of Personality Assessment, 49, 71–75.PubMedCrossRef Diener, E., Emmons, R. A., Larsen, R. J., & Griffin, S. (1985). The Satisfaction with Life Scale. Journal of Personality Assessment, 49, 71–75.PubMedCrossRef
Zurück zum Zitat Eckel, C. C., & Grossman, P. J. (2008). Men, women and risk aversion: Experimental evidence. Handbook of Experimental Economics Results, 1, 1061–1073.CrossRef Eckel, C. C., & Grossman, P. J. (2008). Men, women and risk aversion: Experimental evidence. Handbook of Experimental Economics Results, 1, 1061–1073.CrossRef
Zurück zum Zitat Elsinga, M., & Hoekstra, J. (2005). Homeownership and housing satisfaction. Journal of Housing and the Built Environment, 20(4), 401–424.CrossRef Elsinga, M., & Hoekstra, J. (2005). Homeownership and housing satisfaction. Journal of Housing and the Built Environment, 20(4), 401–424.CrossRef
Zurück zum Zitat Fan, L., & Henager, R. (2021). A structural determinants framework for financial well-being. Journal of Family and Economic Issues, 43, 415–428.PubMedPubMedCentralCrossRef Fan, L., & Henager, R. (2021). A structural determinants framework for financial well-being. Journal of Family and Economic Issues, 43, 415–428.PubMedPubMedCentralCrossRef
Zurück zum Zitat Gathergood, J., & Weber, J. (2017). Financial literacy: A barrier to home ownership for the young? Journal of Urban Economics, 99, 62–78.CrossRef Gathergood, J., & Weber, J. (2017). Financial literacy: A barrier to home ownership for the young? Journal of Urban Economics, 99, 62–78.CrossRef
Zurück zum Zitat Gerrans, P., & Hershey, D. A. (2017). Financial adviser anxiety, financial literacy, and financial advice seeking. Journal of Consumer Affairs, 51(1), 54–90.CrossRef Gerrans, P., & Hershey, D. A. (2017). Financial adviser anxiety, financial literacy, and financial advice seeking. Journal of Consumer Affairs, 51(1), 54–90.CrossRef
Zurück zum Zitat Gerrans, P., Speelman, C., & Campitelli, G. (2014). The relationship between personal financial wellness and financial wellbeing: A structural equation modelling approach. Journal of Family and Economic Issues, 35(2), 145–160.CrossRef Gerrans, P., Speelman, C., & Campitelli, G. (2014). The relationship between personal financial wellness and financial wellbeing: A structural equation modelling approach. Journal of Family and Economic Issues, 35(2), 145–160.CrossRef
Zurück zum Zitat Gignac, G. E., & Szodorai, E. T. (2016). Effect size guidelines for individual differences researchers. Personality and Individual Differences, 102, 74–78.CrossRef Gignac, G. E., & Szodorai, E. T. (2016). Effect size guidelines for individual differences researchers. Personality and Individual Differences, 102, 74–78.CrossRef
Zurück zum Zitat Gilbert, A., Hyde, K., Tourani-Rad, A., & Le, K. (2013). Financial literacy and KiwiSaver decisions. New Zealand Finance Colloquium published proceedings, Auckland University of Technology, Auckland. Gilbert, A., Hyde, K., Tourani-Rad, A., & Le, K. (2013). Financial literacy and KiwiSaver decisions. New Zealand Finance Colloquium published proceedings, Auckland University of Technology, Auckland.
Zurück zum Zitat Gjertson, L. (2016). Emergency saving and household hardship. Journal of Family and Economic Issues, 37(1), 1–17.CrossRef Gjertson, L. (2016). Emergency saving and household hardship. Journal of Family and Economic Issues, 37(1), 1–17.CrossRef
Zurück zum Zitat Hastings, J. S., Madrian, B. C., & Skimmyhorn, W. L. (2013). Financial literacy, financial education and economic outcomes. Annual Review of Economics, 5, 210–234.CrossRef Hastings, J. S., Madrian, B. C., & Skimmyhorn, W. L. (2013). Financial literacy, financial education and economic outcomes. Annual Review of Economics, 5, 210–234.CrossRef
Zurück zum Zitat Haurin, D. R., & Morrow-Jones, H. A. (2006). The impact of real estate market knowledge on tenure choice: A comparison of black and white households. Housing Policy Debate, 17(4), 625–653.CrossRef Haurin, D. R., & Morrow-Jones, H. A. (2006). The impact of real estate market knowledge on tenure choice: A comparison of black and white households. Housing Policy Debate, 17(4), 625–653.CrossRef
Zurück zum Zitat Higgins, T., & Roberts, S. (2012). Financial Wellbeing: Concerns and choices among older Australians. National Seniors Productive Ageing Centre. Higgins, T., & Roberts, S. (2012). Financial Wellbeing: Concerns and choices among older Australians. National Seniors Productive Ageing Centre.
Zurück zum Zitat Holbert, R. L., & Stephenson, M. T. (2003). The importance of indirect effects in media effects research: Testing for mediation in structural equation modeling. Journal of Broadcasting & Electronic Media, 47(4), 556–572.CrossRef Holbert, R. L., & Stephenson, M. T. (2003). The importance of indirect effects in media effects research: Testing for mediation in structural equation modeling. Journal of Broadcasting & Electronic Media, 47(4), 556–572.CrossRef
Zurück zum Zitat HSBC Global report. (2015). The future of retirement: A balancing act. London, England: HSBC Holding Public Limited Company (PLC). HSBC Global report. (2015). The future of retirement: A balancing act. London, England: HSBC Holding Public Limited Company (PLC).
Zurück zum Zitat Iramani, R., & Lutfi, L. (2021). An integrated model of financial well-being: The role of financial behavior. Accounting, 7(3), 691–700.CrossRef Iramani, R., & Lutfi, L. (2021). An integrated model of financial well-being: The role of financial behavior. Accounting, 7(3), 691–700.CrossRef
Zurück zum Zitat Jonubi, A., & Abad, S. (2013). The impact of financial literacy on individual saving: An exploratory study in the Malaysian context. Transformations in Business & Economics, 12(1), 41–54. Jonubi, A., & Abad, S. (2013). The impact of financial literacy on individual saving: An exploratory study in the Malaysian context. Transformations in Business & Economics, 12(1), 41–54.
Zurück zum Zitat Joo, S., & Grable, J. E. (2004). An exploratory framework of the determinants of financial satisfaction. Journal of Family and Economic Issues, 25(1), 162–171.CrossRef Joo, S., & Grable, J. E. (2004). An exploratory framework of the determinants of financial satisfaction. Journal of Family and Economic Issues, 25(1), 162–171.CrossRef
Zurück zum Zitat Kretzschmar, A., & Gignac, G. E. (2019). At what sample size do latent variable correlations stabilize? Journal of Research in Personality, 80, 17–22.CrossRef Kretzschmar, A., & Gignac, G. E. (2019). At what sample size do latent variable correlations stabilize? Journal of Research in Personality, 80, 17–22.CrossRef
Zurück zum Zitat Kupke, V., Rossini, P., McGreal, S., & Yam, S. (2014). Female-headed households and achieving home ownership in Australia. Housing Studies, 29(7), 871–892.CrossRef Kupke, V., Rossini, P., McGreal, S., & Yam, S. (2014). Female-headed households and achieving home ownership in Australia. Housing Studies, 29(7), 871–892.CrossRef
Zurück zum Zitat LaBorde, P. M., Mottner, S., & Whalley, P. (2013). Personal financial literacy: Perceptions of knowledge, actual knowledge and behavior of college students. Journal of Financial Education, 1–30. LaBorde, P. M., Mottner, S., & Whalley, P. (2013). Personal financial literacy: Perceptions of knowledge, actual knowledge and behavior of college students. Journal of Financial Education, 1–30.
Zurück zum Zitat Lusardi, A., Mitchell, O.S., & Oggero, N. (2018, May). The changing face of debt and financial fragility at older ages. In AEA Papers and Proceedings (Vol. 108, pp. 407–11). Lusardi, A., Mitchell, O.S., & Oggero, N. (2018, May). The changing face of debt and financial fragility at older ages. In AEA Papers and Proceedings (Vol. 108, pp. 407–11).
Zurück zum Zitat Lusardi, A., & Tufano, P. (2015). Debt literacy, financial experiences, and over-indebtedness. Journal of Pension Economics and Finance, 14(4), 332–368.CrossRef Lusardi, A., & Tufano, P. (2015). Debt literacy, financial experiences, and over-indebtedness. Journal of Pension Economics and Finance, 14(4), 332–368.CrossRef
Zurück zum Zitat MacKinnon, D. P., Lockwood, C. M., & Williams, J. (2004). Confidence limits for the indirect effect: Distribution of the product and resampling methods. Multivariate Behavioral Research, 39(1), 99–128.PubMedPubMedCentralCrossRef MacKinnon, D. P., Lockwood, C. M., & Williams, J. (2004). Confidence limits for the indirect effect: Distribution of the product and resampling methods. Multivariate Behavioral Research, 39(1), 99–128.PubMedPubMedCentralCrossRef
Zurück zum Zitat McCabe, B. J. (2018). Why buy a home? Race, ethnicity, and homeownership preferences in the United States. Sociology of Race and Ethnicity, 4(4), 452–472.CrossRef McCabe, B. J. (2018). Why buy a home? Race, ethnicity, and homeownership preferences in the United States. Sociology of Race and Ethnicity, 4(4), 452–472.CrossRef
Zurück zum Zitat McNamara, S., & Connell, J. (2007). Homeward Bound? Searching for home in Inner Sydney’s share houses. Australian Geographer, 38(1), 71–91.CrossRef McNamara, S., & Connell, J. (2007). Homeward Bound? Searching for home in Inner Sydney’s share houses. Australian Geographer, 38(1), 71–91.CrossRef
Zurück zum Zitat Monticone, C. (2010). How much does wealth matter in the acquisition of financial literacy? Journal of Consumer Affairs, 44(2), 403–422.CrossRef Monticone, C. (2010). How much does wealth matter in the acquisition of financial literacy? Journal of Consumer Affairs, 44(2), 403–422.CrossRef
Zurück zum Zitat Muller, L. A., & Turner, J. A. (2021). Financial literacy, the “high-fee puzzle”, and knowledge about the importance of fees. The Journal of Retirement, 8(3), 29–38.CrossRef Muller, L. A., & Turner, J. A. (2021). Financial literacy, the “high-fee puzzle”, and knowledge about the importance of fees. The Journal of Retirement, 8(3), 29–38.CrossRef
Zurück zum Zitat Myers, D., Painter, G., Zissimopoulos, J., Lee, H., & Thunell, J. (2019). Simulating the change in young adult homeownership through 2035: Effects of growing diversity and rising educational attainment. Housing Policy Debate, 29(1), 126–142.CrossRef Myers, D., Painter, G., Zissimopoulos, J., Lee, H., & Thunell, J. (2019). Simulating the change in young adult homeownership through 2035: Effects of growing diversity and rising educational attainment. Housing Policy Debate, 29(1), 126–142.CrossRef
Zurück zum Zitat Odermatt, R., & Stutzer, A. (2022). Does the dream of home ownership rest upon biased beliefs? A test based on predicted and realized life satisfaction. Journal of Happiness Studies, 23(8), 3731–3763.PubMedPubMedCentralCrossRef Odermatt, R., & Stutzer, A. (2022). Does the dream of home ownership rest upon biased beliefs? A test based on predicted and realized life satisfaction. Journal of Happiness Studies, 23(8), 3731–3763.PubMedPubMedCentralCrossRef
Zurück zum Zitat Park, G.R., & Kim, J. (2022). Trajectories of life satisfaction before and after homeownership: The role of housing affordability stress. Journal of Happiness Studies, 1–12. Park, G.R., & Kim, J. (2022). Trajectories of life satisfaction before and after homeownership: The role of housing affordability stress. Journal of Happiness Studies, 1–12.
Zurück zum Zitat Patel, P. C., & Wolfe, M. T. (2019). Money might not make you happy, but can happiness make you money? The value of leveraging subjective well-being to enhance financial well-being in self-employment. Journal of Business Venturing Insights, 12, e00134.CrossRef Patel, P. C., & Wolfe, M. T. (2019). Money might not make you happy, but can happiness make you money? The value of leveraging subjective well-being to enhance financial well-being in self-employment. Journal of Business Venturing Insights, 12, e00134.CrossRef
Zurück zum Zitat Pawson, H., Hulse, K., & Morris, A. (2017). Interpreting the rise of long-term private renting in a liberal welfare regime context. Housing Studies, 32(8), 1062–1084.CrossRef Pawson, H., Hulse, K., & Morris, A. (2017). Interpreting the rise of long-term private renting in a liberal welfare regime context. Housing Studies, 32(8), 1062–1084.CrossRef
Zurück zum Zitat Porter, E., Bowman, D., & Curry, M. (2020). All in it together? Financial wellbeing before COVID-19. Brotherhood of St. Laurence, Fitzroy, Vic. Porter, E., Bowman, D., & Curry, M. (2020). All in it together? Financial wellbeing before COVID-19. Brotherhood of St. Laurence, Fitzroy, Vic.
Zurück zum Zitat Potrich, A. C. G., Vieira, K. M., & Kirch, G. (2015). Determinants of financial literacy: Analysis of the influence of socioeconomic and demographic variables. Revista Contabilidade & Finanças, 26, 362–377.CrossRef Potrich, A. C. G., Vieira, K. M., & Kirch, G. (2015). Determinants of financial literacy: Analysis of the influence of socioeconomic and demographic variables. Revista Contabilidade & Finanças, 26, 362–377.CrossRef
Zurück zum Zitat Reynolds, K. J., Turner, J. C., Branscombe, N. R., Mavor, K. I., Bizumic, B., & Subašić, E. (2010). Interactionism in personality and social psychology: An integrated approach to understanding the mind and behaviour. European Journal of Personality, 24(5), 458–482.CrossRef Reynolds, K. J., Turner, J. C., Branscombe, N. R., Mavor, K. I., Bizumic, B., & Subašić, E. (2010). Interactionism in personality and social psychology: An integrated approach to understanding the mind and behaviour. European Journal of Personality, 24(5), 458–482.CrossRef
Zurück zum Zitat Ronald, R., & Lennartz, C. (2020). Declining homeownership in liberal, English speaking countries. In K. B. Anacker, M. T. Nguyen, & D. P. Varady (Eds.), The Routledge handbook of housing policy and planning. Routledge. Ronald, R., & Lennartz, C. (2020). Declining homeownership in liberal, English speaking countries. In K. B. Anacker, M. T. Nguyen, & D. P. Varady (Eds.), The Routledge handbook of housing policy and planning. Routledge.
Zurück zum Zitat Rossi, M., & Sierminska, E. M. (2018). Wealth and homeownership: Women, men and families. Palgrave Pivot.CrossRef Rossi, M., & Sierminska, E. M. (2018). Wealth and homeownership: Women, men and families. Palgrave Pivot.CrossRef
Zurück zum Zitat Rowley, S., & Ong, R. (2012). Housing affordability, housing stress and household wellbeing in Australia. AHURI Final Report No.192. Australian Housing and Urban Research Institute. Rowley, S., & Ong, R. (2012). Housing affordability, housing stress and household wellbeing in Australia. AHURI Final Report No.192. Australian Housing and Urban Research Institute.
Zurück zum Zitat Siddiqui, M. T. H., Ahmed, A. D., & Richards, D. (2021). Financial literacy and financial well-being of Australian consumers: A moderated mediation model of impulsivity and financial capability. International Journal of Bank Marketing, 39(7), 1377–1394.CrossRef Siddiqui, M. T. H., Ahmed, A. D., & Richards, D. (2021). Financial literacy and financial well-being of Australian consumers: A moderated mediation model of impulsivity and financial capability. International Journal of Bank Marketing, 39(7), 1377–1394.CrossRef
Zurück zum Zitat Stango, V., & Zinman, J. (2009). Exponential growth bias and household finance. The Journal of Finance, 64(6), 2807–2849.CrossRef Stango, V., & Zinman, J. (2009). Exponential growth bias and household finance. The Journal of Finance, 64(6), 2807–2849.CrossRef
Zurück zum Zitat Stebbing, A., & Spies-Butcher, B. (2016). The decline of a homeowning society? Asset-based welfare, retirement and intergenerational equity in Australia. Housing Studies, 31(2), 190–207.CrossRef Stebbing, A., & Spies-Butcher, B. (2016). The decline of a homeowning society? Asset-based welfare, retirement and intergenerational equity in Australia. Housing Studies, 31(2), 190–207.CrossRef
Zurück zum Zitat Storchi, S., & Johnson, S. (2016). Financial capability for wellbeing: An alternative perspective from the capability approach (No. 44). Bath Papers in International Development and Wellbeing. Storchi, S., & Johnson, S. (2016). Financial capability for wellbeing: An alternative perspective from the capability approach (No. 44). Bath Papers in International Development and Wellbeing.
Zurück zum Zitat Stotz, O. (2019). The perception of homeownership utility: Short-term and long-term effects. Journal of Housing Economics, 44, 99–111.CrossRef Stotz, O. (2019). The perception of homeownership utility: Short-term and long-term effects. Journal of Housing Economics, 44, 99–111.CrossRef
Zurück zum Zitat Stutzer, A., & Frey, B. S. (2008). Stress that doesn’t pay: The commuting paradox. Scandinavian Journal of Economics, 110(2), 339–366.CrossRef Stutzer, A., & Frey, B. S. (2008). Stress that doesn’t pay: The commuting paradox. Scandinavian Journal of Economics, 110(2), 339–366.CrossRef
Zurück zum Zitat Taft, M. K., Hosein, Z. Z., Mehrizi, S. M. T., & Roshan, A. (2013). The relation between financial literacy, financial wellbeing and financial concerns. International Journal of Business and Management, 8(11), 63–75.CrossRef Taft, M. K., Hosein, Z. Z., Mehrizi, S. M. T., & Roshan, A. (2013). The relation between financial literacy, financial wellbeing and financial concerns. International Journal of Business and Management, 8(11), 63–75.CrossRef
Zurück zum Zitat van Rooij, M., Lusardi, A., & Alessie, R. (2011). Financial literacy and stock market participation. Journal of Financial Economics, 101(2), 449–472.CrossRef van Rooij, M., Lusardi, A., & Alessie, R. (2011). Financial literacy and stock market participation. Journal of Financial Economics, 101(2), 449–472.CrossRef
Zurück zum Zitat Viljoen, C., Lowies, B., Lushington, K., & McGreal, S. (2020). Female perspectives on housing quality and household characteristics, perceptions and challenges: Evidence from Australia. Habitat International, 105, 102276.PubMedPubMedCentralCrossRef Viljoen, C., Lowies, B., Lushington, K., & McGreal, S. (2020). Female perspectives on housing quality and household characteristics, perceptions and challenges: Evidence from Australia. Habitat International, 105, 102276.PubMedPubMedCentralCrossRef
Zurück zum Zitat Wagner, J. (2019). Financial education and financial literacy by income and education groups. Journal of Financial Counseling and Planning, 30(1), 132–141.MathSciNetCrossRef Wagner, J. (2019). Financial education and financial literacy by income and education groups. Journal of Financial Counseling and Planning, 30(1), 132–141.MathSciNetCrossRef
Zurück zum Zitat Warmath, D., & Zimmerman, D. (2019). Financial literacy as more than knowledge: The development of a formative scale through the lens of Bloom’s domains of knowledge. Journal of Consumer Affairs, 53(4), 1602–1629.CrossRef Warmath, D., & Zimmerman, D. (2019). Financial literacy as more than knowledge: The development of a formative scale through the lens of Bloom’s domains of knowledge. Journal of Consumer Affairs, 53(4), 1602–1629.CrossRef
Zurück zum Zitat Wigtil, C. J., & Henriques, G. R. (2015). The relationship between intelligence and psychological well-being in incoming college students. Psychology of Well-Being, 5(1), 1–19.CrossRef Wigtil, C. J., & Henriques, G. R. (2015). The relationship between intelligence and psychological well-being in incoming college students. Psychology of Well-Being, 5(1), 1–19.CrossRef
Zurück zum Zitat Wilkins, R., Lass, I., Butterworth, P., & Vera-Toscano, E. (2015). The household, income and labour dynamics in Australia survey: Selected findings from waves 1 to 12. Melbourne Institute of Applied Economic and Social Research, The University of Melbourne. Wilkins, R., Lass, I., Butterworth, P., & Vera-Toscano, E. (2015). The household, income and labour dynamics in Australia survey: Selected findings from waves 1 to 12. Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
Zurück zum Zitat Wilkins, R., Lass, I., & Butterworth, P. (2020). The household, income and labour dynamics in Australia survey: Selected findings from waves 1 to 18. Melbourne Institute of Applied Economic and Social Research, University of Melbourne. Wilkins, R., Lass, I., & Butterworth, P. (2020). The household, income and labour dynamics in Australia survey: Selected findings from waves 1 to 18. Melbourne Institute of Applied Economic and Social Research, University of Melbourne.
Zurück zum Zitat Willis, L. E. (2011). The financial education fallacy. American Economic Review, 101(3), 429–434.CrossRef Willis, L. E. (2011). The financial education fallacy. American Economic Review, 101(3), 429–434.CrossRef
Zurück zum Zitat Wood, G. A., Smith, S. J., Cigdem, M., & Ong, R. (2017). Life on the edge: A perspective on precarious home ownership in Australia and the UK. International Journal of Housing Policy, 17(2), 201–226.CrossRef Wood, G. A., Smith, S. J., Cigdem, M., & Ong, R. (2017). Life on the edge: A perspective on precarious home ownership in Australia and the UK. International Journal of Housing Policy, 17(2), 201–226.CrossRef
Zurück zum Zitat Xue, R., Gepp, A., O’Neill, T. J., Stern, S., & Vanstone, B. J. (2019). Financial literacy amongst elderly Australians. Accounting & Finance, 59, 887–918.CrossRef Xue, R., Gepp, A., O’Neill, T. J., Stern, S., & Vanstone, B. J. (2019). Financial literacy amongst elderly Australians. Accounting & Finance, 59, 887–918.CrossRef
Metadaten
Titel
The Impact of Housing Tenure on Financial Wellbeing Among Elderly Australians
verfasst von
Gilles E. Gignac
Adrian Gepp
Terence J. O’Neill
Rui Xue
Publikationsdatum
27.12.2023
Verlag
Springer Netherlands
Erschienen in
Social Indicators Research / Ausgabe 2/2024
Print ISSN: 0303-8300
Elektronische ISSN: 1573-0921
DOI
https://doi.org/10.1007/s11205-023-03272-w

Weitere Artikel der Ausgabe 2/2024

Social Indicators Research 2/2024 Zur Ausgabe

Premium Partner