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Do households use home-ownership to insure themselves? : evidence across U.S. cities
Amior, Michael; Halket, Jonathan - In: Quantitative economics : QE ; journal of the … 5 (2014) 3, pp. 631-674
Are households more likely to be homeowners when “housing risk” is higher? We show that home-ownership rates and loan … disentangle the contributions of high price levels from high volatilities by building a life-cycle model of home-ownership choices …. We find that higher price levels can explain most of the lower home-ownership. Higher risk in the model leads to slightly …
Persistent link: https://www.econbiz.de/10011757320
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Homeownership and the life cycle : an ordered logit approach
Capéau, Bart; Decoster, André; Vermeulen, Frederic - In: Applied economics quarterly 51 (2005) 4, pp. 345-357
Persistent link: https://www.econbiz.de/10003308404
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Housing Demand in Italy: A Microeconometric Analysis
Nese, Annamaria - In: Giornale degli Economisti 58 (1999) 1, pp. 63-94
This paper estimates tenure choice and housing demand equations in Italy, using cross-section data from the Bank of Italy 1991 Survey. The data include information on housing characteristics that is used to calculate hedonic price indexes for the Italian housing market. Empirical literature in...
Persistent link: https://www.econbiz.de/10005827649
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Identification and Semiparametric Estimation of Equilibrium Models of Local Jurisdictions
Epple, Dennis; Peress, Michael; Sieg, Holger - In: American Economic Journal: Microeconomics 2 (2010) 4, pp. 195-220
We develop a new model of household sorting in a system of residential neighborhoods. We show that this model is partially identified without imposing parametric restrictions on the distribution of unobserved tastes for neighborhood quality and the shape of the indirect utility function. The...
Persistent link: https://www.econbiz.de/10008683647
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The Decomposition of a House Price Index into Land and Structures Components: A Hedonic Regression Approach
DIEWERT, W. Erwin; HAAN, Jan de; HENDRIKS, Rens - In: The Valuation Journal 6 (2011) 1, pp. 58-105
The paper uses hedonic regression techniques in order to decompose the price of a house into land and structure components using readily available real estate sales data for a Dutch city. In order to get sensible results, it proved necessary to use a nonlinear regression model using data that...
Persistent link: https://www.econbiz.de/10010789792
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Intergenerational Transmission: How Strong Is the Effect of Parental Homeownership? Results of a Survey on Households in Austria
Wagner, Karin - In: Monetary Policy & the Economy (2014) 2, pp. 49-64
study investigates the extent to which parental homeownership influences the tenure choice of young adults. The results show … homeownership in Austria. Furthermore, households become homeowners earlier in their life cycle if their parents are or were …
Persistent link: https://www.econbiz.de/10010818132
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Housing and cost of living: Application to the Spanish regions
Garrido-Yserte, Rubén; Mañas-Alcón, Elena; … - In: Journal of Housing Economics 21 (2012) 3, pp. 246-255
Spain is a home-owner economy, and housing is a key good for determining the cost of living. However, its treatment in indices such as the Spanish Consumer Price Index (CPI) makes it impossible to measure the real impact of housing on the cost of living. This issue is especially relevant at the...
Persistent link: https://www.econbiz.de/10011065358
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Strategic interaction between inter vivos gifts and housing acquisition
Yukutake, Norifumi; Iwata, Shinichiro; Idee, Takako - In: Journal of the Japanese and International Economies 35 (2015) C, pp. 62-77
This paper models the interdependence of parental inter vivos gifts and children’s home purchases when informal care affects decision making. We use data from Japanese households who purchased a detached house in an urban area to test this strategic interaction. Considering both censoring and...
Persistent link: https://www.econbiz.de/10011190565
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Energy literacy, awareness, and conservation behavior of residential households
Brounen, Dirk; Kok, Nils; Quigley, John M. - In: Energy Economics 38 (2013) C, pp. 42-50
The residential sector accounts for one-fifth of global energy consumption, resulting from the requirements to heat, cool, and light residential dwellings. It is therefore not surprising that energy efficiency in the residential market has gained importance in recent years. In this paper, we...
Persistent link: https://www.econbiz.de/10011039556
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How do consumers respond to house price declines?
Gathergood, John - In: Economics Letters 115 (2012) 2, pp. 279-281
Movements in house prices and consumer spending are closely correlated in many developed nations. Much debate exists on whether this relationship is causal arising from either wealth effects or via borrowing constraints. This paper uses a unique survey question on consumer responses to house...
Persistent link: https://www.econbiz.de/10010572131