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Previous research using the German Socio-Economic Panel showed that immigrants moved slightly more fre-quently than native-born Germans. The research in this paper extends that work and examines the extent to which this increased mobility is translated into improved housing quality. Overall, we...
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during busts. The standard model of housing demand treats housing as a quantity of "housing services", an imaginary …
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The authors estimate a structural model of optimal life-cycle housing and consumption in the presence of realistic labor income and house price uncertainties. The model postulates constant elasticity of substitution between housing service and nonhousing consumption, and explicitly incorporates...
Persistent link: https://www.econbiz.de/10012906249
Supersedes Working Paper 09-7. We estimate a structural model of optimal life-cycle housing and nonhousing consumption in the presence of labor income and house price uncertainties. The model postulates constant elasticity of substitution between housing service and nonhousing consumption and...
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demand and supply profiles. The approach is demonstrated for a residential quarter using photovoltaic (PV) systems in …
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