Housing Mobility and Downsizing at Older Ages in Britain and the USA
研究了英美老年人住房流动性和住房面积缩减的差异，发现美国人更频繁搬家并缩减住房面积，主要原因是美国各地便利设施和住房成本差异更大，而英国补贴租赁住房的制度刚性抑制了搬家意愿。
This paper examines geographic mobility and housing downsizing at older ages in Britain and America. Americans downsize housing much more than the British largely because Americans are much more mobile. The principal reasons for greater mobility among older Americans are two fold: (1) greater spatial distribution of geographic distribution of amenities (such as warm weather) and housing costs and (2) greater institutional rigidities in subsidized British rental housing providing stronger incentives for British renters not to move. This relatively flat British housing consumption with age may have significant implications for the form and amount of consumption smoothing at older ages.