Diaz, Antonia; Prado, Maria Jose Luengo - In: Review of Economic Dynamics 11 (2008) 3, pp. 584-613
This paper studies the differences in the cost of housing services for renters and homeowners and calculates the bias that results when we value owner-occupied housing services using a rental equivalence approach. Our framework is a life-cycle model with endogenous tenure choice with households...