Funding Caribbean Retirement Migration: Housing Wealth Leakage and the Role of Overseas Land Inheritances

摘要

The paper addresses an important gap in the return-migration and housing literatures. Little is known about financial resources and assets used by Caribbean elders embarking on return. Even less is known about patterns of housing investment among those who have second homes. Previous work reveals that home-owners feature more prominently among this cohort than any other housing tenure, suggesting access to housing wealth is a significant financial resource alongside lifetime savings. The literature also suggests that, in addition to land purchased specifically for the purpose of a return, some returnees have access to inherited land in the island of origin. The paper argues that greater attention should be paid to the role of home-ownership status, housing wealth leakage into the Caribbean and land inheritance within return-migration planning for this group. Life-history accounts are drawn from a sample of Caribbean home-owners based in Birmingham and London at different stages of return-migration planning. The theoretical framework used to explore the risks and opportunities of return-migration planning locates the resources available to returnees within broader networks of financial, social and kinship networks.View full textDownload full textKeywordsHousing Wealth, Return Migration, Home-Ownership, Second Homes, Caribbean EldersRelated var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/1369183X.2012.659125