The Relationship between Generational Cohorts and Homeownership Attainment : An Analysis of the Implications for the Aspirations of Younger Demographic Groups

The reduction of homeownership rates among younger households in various significant advanced economies has become a subject of growing concern. This present analysis aims to elucidate the underlying factors behind this trend, demonstrating that amplified levels of labor income inequality and ambiguity serve as crucial determinants. Given the current climate of exorbitant housing costs and precarious, unstable income streams, numerous young households either lack the capability or the willingness to undertake such a substantial, unyielding investment. The outcome of this predicament is a diminished accumulation of wealth