The credit crunch: impacts on the housing market and policy responses in the Netherlands

Whereas the so-called ‘citizenship premium’ in the labour market has been widely studied, we know little about how naturalisation affects immigrants’ lives beyond work and income. Focusing on the Netherlands, this paper analyses the relationship between citizenship acquisition and immigrant residential mobility, in particular the propensity of immigrants to move away from areas with high concentrations of migrants. We draw on register data from Statistics Netherlands ( N = 234,912). We argue that possessing Dutch citizenship reduces spatial stratification by diminishing the risk of housing market discrimination, thereby facilitating mobility outside of migrant-concentrated areas. Our findings show that naturalised immigrants are 50% more likely to move out of concentrated neighbourhoods, all else constant. The effect of naturalisation is especially relevant for renting without housing benefits and for home ownership, and for mid-risk immigrants who earn around the median income and hold permanent jobs, whose applications face strong scrutiny from landlords, rental agencies and mortgage lenders.

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The Effect of Consumers' Expectations in a Booming Housing Market: Space-Time Patterns in the Netherlands, 1999-2000

SSRN Electronic Journal ◽

10.2139/ssrn.1023652 ◽

2007 ◽

Cited By ~ 1

Author(s):

Jan Rouwendal ◽

Simonetta Longhi

Keyword(s):

The Netherlands ◽

Housing Market ◽

Space Time ◽

Time Patterns

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Origins and Resolution of Financial Crises: Lessons from the Current and Northern European Crises

Asian Economic Papers ◽

10.1162/asep.2009.8.3.178 ◽

2009 ◽

Vol 8 (3) ◽

pp. 178-220 ◽

Cited By ~ 10

Author(s):

Finn Østrup ◽

Lars Oxelheim ◽

Clas Wihlborg

Keyword(s):

Financial Crisis ◽

Housing Market ◽

Political Institutions ◽

Financial Crises ◽

World Economy ◽

Credit Crunch ◽

Original Strain ◽

Northern European ◽

The World ◽

The U.S

Since July 2007, the world economy has experienced a severe financial crisis that originated in the U.S. housing market. Subsequently, the crisis has spread to financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises rarely distinguishes between factors that create the original strain on the financial sector and factors that explain why these strains lead to system-wide contagion and a possible credit crunch. Most of the literature on financial crises refers to factors that cause an original disruption in the financial system. We argue that a financial crisis with its contagion within the system is caused by failures of legal, regulatory, and political institutions.

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An Analysis of the Housing Market in the Netherlands

Urban Studies ◽

10.1080/00420988820080281 ◽

1988 ◽

Vol 25 (3) ◽

pp. 190-203 ◽

Cited By ~ 1

Author(s):

Hans van Fulpen

Keyword(s):

The Netherlands ◽

Housing Market

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Influence of Accessibility on Residential Location Choice

Transportation Research Record Journal of the Transportation Research Board ◽

10.1177/0361198105190200108 ◽

2005 ◽

Vol 1902 (1) ◽

pp. 63-70 ◽

Cited By ~ 21

Author(s):

Barry Zondag ◽

Marits Pieters

Keyword(s):

The Netherlands ◽

Housing Market ◽

Transport System ◽

Location Choice ◽

Residential Location ◽

Significant Variable ◽

Location Choices ◽

Residential Location Choice ◽

Residential Moves ◽

Time Variables

There has been substantial discussion among planners about the influence of transport in residential location choices. The purpose of this paper is to analyze the importance of accessibility in explaining residential location choices. The paper addresses this issue by presenting and analyzing findings from the literature and results of a housing market estimation study in the Netherlands. The research findings for the Netherlands illustrate that the transport system influences residential moves at three stages: in move–stay choice, estimation results show that households are less likely to move away from a more accessible location; travel time variables are significant for all household types, and therefore changes in the transport system will affect the size of the housing market and search area of the households; the model estimation results suggest that accessibility of a specific location for many household types is not a significant variable in their location choice. Overall, the empirical results suggest that the role of accessibility is significant but small compared with the effect of demographic factors, neighborhood amenities, and dwelling attributes in explaining residential location choices. The empirical findings are confirmed by findings in the literature; the present results are located at the lower end of findings reported in the literature. An important factor contributing to this result is that accessibility changes among regions in the Netherlands are rather small.

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