Ioannides, Yannis M; Rosenthal, Stuart S - In: The Review of Economics and Statistics 76 (1994) 1, pp. 127-41
Theoretical work suggests that families live in owner-occupied housing if their investment demand for housing exceeds their consumption demand for housing. Using household data from the 1983 Survey of Consumer Finances, the authors test this theory by estimating an ordered probit model of...