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Which Are the Real Determinants of Tenure? A Comparative Analysis of Different Models of the Tenure Choice of a House

Datos Bibliográficos

ID10859956
AutoresJosep Maria Raya (0000-0002-2885-234X, Universitat Pompeu Fabra, autor de correspondencia), Josep Raya, Jaume García Villar (0000-0002-8427-9541, Universitat Pompeu Fabra), Jaume Garcia
Año2012
Volumen49
Número16
Páginas3645-3662
Fecha de publicación2012-12-01
Open AccessSí
TipoARTICLE
RevistaUrban Studies (JOURNAL)
Identificadores de la revistaISSN: 0042-0980 • E-ISSN: 1360-063X
EditorialSAGE Publications (PUBLISHER • US)
DOI10.1177/0042098012446998
OpenAlexW2129587121
IdiomaEN
Citas recibidas13
Referencias citadas30

Tenure choice is closely bound to other vital individual decisions of great importance not only for the individual but also for the country in which he or she resides. The present paper includes a comparison of the different approaches that have been used in the economic literature in the analysis of the individual’s housing tenure choice. According to their dependent variable, the different models can be divided into: those whose dependent variable is tenure (classical models, ‘recent movers’ models and sequential models) and those in which the dependent variable is transition from renting to the position of ownership (duration models and ‘choice-based’ models). Results show the best performance for the models in which the variable to be explained is the transition from renting to ownership and highlight real determinants of tenure (life-cycle variables) and transition (life-cycle variables, prices and transaction costs). Finally, marital status stands out as the variable with the highest incidence

Database transaction · Demographic economics · Duration (music · Econometrics · Economics · Housing tenure · Labour economics · Microeconomics · Political science · Renting · Statistics · Transaction cost · Transition (genetics · Variable (mathematics · Variables · Computer Science · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Mathematics · Urban and Rural Development Challenges

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Citas por año1,18
Intervalo de citas2015 - 2026 (12)
Altamente citadoNo

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