Davis, Morris A.; Lehnert, Andreas; Martin, Robert F. - In: Review of Income and Wealth 54 (2008) 2, pp. 279-284
We construct a quarterly time series of the rent-price ratio for the aggregate stock of owner-occupied housing in the United States, starting in 1960, by merging micro data from the last five Decennial Censuses of Housing surveys with price indexes for house prices and rents. We show that the...