Moriizumi, Yoko; Tiwari, Piyush; Yukutake, Norifumi - In: International Journal of Housing Markets and Analysis 7 (2014) 1, pp. 76-97
Purpose – The purpose of this paper is to investigate the housing improvement expenditure as a consumption smoothing strategy for Japanese households. Design/methodology/approach – Tobit estimation method is used to empirically investigate the role of home improvement expenditure in...