The Life Stages and Housing Decisions of Young Households
An Insider Perspective
Datos Bibliográficos
| ID | 4142153 |
|---|---|
| Autores | Diana Mok (0000-0001-7112-8384, McGill University, autor de correspondencia), Diana Ka-Yan Mok (McGill University) |
| Año | 2005 |
| Volumen | 37 |
| Número | 12 |
| Páginas | 2121-2146 |
| Fecha de publicación | 2005-12-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Environment and Planning A Economy and Space (JOURNAL) |
| Identificadores de la revista | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Editorial | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1068/a3757 |
| OpenAlex | W1988540479 |
| Idioma | EN |
| Citas recibidas | 3 |
| Referencias citadas | 41 |
Conventional housing studies often model a household's housing demand and tenure choice as a joint decision; life stages are 'taste' variables that shift the housing demand function. In this study, as in conventional ones, I treat housing demand and tenure choice as a joint decision. Unlike in conventional studies, however, I argue that some life stages are endogenous and that an individual chooses to opt in or out of some of these stages-to stay single or form a couple, or to raise children. These decisions are correlated with tenure choice and housing demand. I use the census microdata file and set up a system of nine equations: six regimes of housing demand, an equation to explain tenure choice, and two equations to describe life-stage decisions. The result shows that housing consumption is less sensitive to permanent income once the endogeneity of life stages has been accounted for-that is, part of the income effect on housing consumption is due to life-stage decisions
Census · Consumption function · Demographic economics · Econometrics · Economics · Endogeneity · Housing tenure · Insider · Labour economics · Life-cycle hypothesis · Microeconomics · Permanent income hypothesis · Population · Sociology · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Urban, Neighborhood, and Segregation Studies
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| Obras citantes distintas | 3 |
|---|---|
| Citas por año | 0,17 |
| Intervalo de citas | 2008 - 2021 (14) |
| Velocidad de citación | historical |
| Altamente citado | No |
| Tipos de cita | Neutras: 3 |