House Prices and Marriage in Spain

González-Val, R. (Universidad de Zaragoza)

Resumen: The aim of this study is to examine the link between house prices and marriage in Spain. We consider data from 50 Spanish provinces (NUTS III regions) and from local civil registries in 282 cities with populations greater than 25, 000 inhabitants. The regional data cover the 1995–2018 period, whereas the local sample includes information from 2005 to 2018. The marriage rate is defined as the annual absolute number of marriages per thousand inhabitants in each region or city. We used data on Spain because the Spanish housing market experienced a strong rise in house prices until 2006, when the housing bubble ended and prices dramatically decreased. By using different econometric techniques (panel data models with fixed effects and dynamic panel data models), our results reveal that there is a significant negative relationship between house prices and the marriage rate at both the regional and local levels. Overall, this study highlights the important consequences of rising house prices on family formations. Therefore, public authorities should try to reduce fluctuations in house prices and to facilitate access to home ownership for young couples. © 2022 by the author. Licensee MDPI, Basel, Switzerland.

Idioma: Inglés

DOI: 10.3390/su14052848

Año: 2022

Publicado en: Sustainability (Switzerland) 14, 5 (2022), 2848 [16 pp]
ISSN: 2071-1050

Factor impacto JCR: 3.9 (2022)

Categ. JCR: ENVIRONMENTAL SCIENCES rank: 114 / 275 = 0.415 (2022) - Q2 - T2
Categ. JCR: ENVIRONMENTAL STUDIES rank: 48 / 128 = 0.375 (2022) - Q2 - T2
Categ. JCR: GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY rank: 34 / 46 = 0.739 (2022) - Q3 - T3
Categ. JCR: GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY rank: 5 / 9 = 0.556 (2022) - Q3 - T2

Factor impacto CITESCORE: 5.8 - Engineering (Q1) - Energy (Q2) - Social Sciences (Q1) - Environmental Science (Q1)

Factor impacto SCIMAGO: 0.664 - Geography, Planning and Development (Q1) - Energy Engineering and Power Technology (Q2) - Environmental Science (miscellaneous) (Q2) - Renewable Energy, Sustainability and the Environment (Q2) - Hardware and Architecture (Q2) - Management, Monitoring, Policy and Law (Q2) - Computer Networks and Communications (Q2)

Financiación: info:eu-repo/grantAgreement/ES/DGA/ADETRE Research Group
Financiación: info:eu-repo/grantAgreement/ES/MICINN/PID2020-114354RA-I00
Financiación: info:eu-repo/grantAgreement/ES/MINECO/ECO2017-82246-P

Tipo y forma: Article (Published version)

Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)