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This paper analyzes the components of housing demand in Mexico in the context of developing and developed nations. The …, suggest that the demand for housing will significantly increase in the near future. We use micro-level data from market … housing demand to be -0.3, lower than previous studies for developed countries and within the range for developing countries …
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The authors estimate a structural model of optimal life-cycle housing and consumption in the presence of realistic labor income and house price uncertainties. The model postulates constant elasticity of substitution between housing service and nonhousing consumption, and explicitly incorporates...
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Supersedes Working Paper 09-7. We estimate a structural model of optimal life-cycle housing and nonhousing consumption in the presence of labor income and house price uncertainties. The model postulates constant elasticity of substitution between housing service and nonhousing consumption and...
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