1887

OECD Social, Employment and Migration Working Papers

This series is designed to make available to a wider readership selected labour market, social policy and migration studies prepared for use within the OECD. Authorship is usually collective, but principal writers are named. The papers are generally available only in their original language - English or French - with a summary in the other.

English, French

Changes in the regulation and control of mortgage markets and access to owner-occupation among younger households

This paper looks at the issue of access to home ownership for younger people in OECD countries, from the point of view of changes in mortgage market regulation and control. It sets out the factors determining the demand for and supply of mortgages, particularly for first time buyers and it provides a review of the relevant literature and comparative data. The paper provides an overview of regulatory change since 2008 for over 20 countries. The paper also includes case studies of a subset of countries with mature mortgage markets that are known to face relevant issues and for which data are more readily available: Canada, Denmark, the United Kingdom and the United States.

English

Keywords: younger households, Mortgage markets, financial regulation, insecure employment, owner-occupation
JEL: E5: Macroeconomics and Monetary Economics / Monetary Policy, Central Banking, and the Supply of Money and Credit; R31: Urban, Rural, Regional, Real Estate, and Transportation Economics / Real Estate Markets, Spatial Production Analysis, and Firm Location / Housing Supply and Markets; R38: Urban, Rural, Regional, Real Estate, and Transportation Economics / Real Estate Markets, Spatial Production Analysis, and Firm Location / Production Analysis and Firm Location: Government Policy; G21: Financial Economics / Financial Institutions and Services / Banks; Depository Institutions; Micro Finance Institutions; Mortgages; J3: Labor and Demographic Economics / Wages, Compensation, and Labor Costs
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