Capéau, Bart; Decoster, André; Vermeulen, Frederic - Centrum voor Economische Studiën, Faculteit Economie … - 2003
This paper presents an ordered logit approach to model the optimal timing of buying a house during the life cycle. The model is applied to three recent Belgian household budget surveys. We find that households postpone homeownership or choose to be lifelong tenant due to an increase of the...