Lifetime Income and Housing Affordability in Singapore
Bibliographic Data
| ID | 10859289 |
|---|---|
| Authors | Tilak Abeysinghe (0000-0001-5276-9047, corresponding author), Jiaying Gu (0000-0003-3405-6232) |
| Year | 2011 |
| Volume | 48 |
| Issue | 9 |
| Pages | 1875-1891 |
| Publication date | 2011-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Urban Studies (JOURNAL) |
| Journal identifiers | ISSN: 0042-0980 • E-ISSN: 1360-063X |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/0042098010380956 |
| OpenAlex | W2153545191 |
| Language | EN |
| Citations received | 7 |
| References cited | 28 |
Most commonly used measures of housing affordability are essentially short-run indicators that compare current income with house prices or housing costs. Despite the emphasis in the literature on the importance of long-term affordability, researchers have not developed measures of lifetime income because of data constraints. Many developed countries publish annually household income by age of household heads. Using these data for Singapore, the paper presents a methodology to compute lifetime income from predicted annual household earnings over the working life for each birth cohort in the dataset. The lifetime income of Singapore households by three income quantiles sheds new light on widening income gaps. The affordability index, defined as the ratio of lifetime income to house price, reveals informative trends and cycles in housing affordability in both the public and the private sectors. The paper argues that residential property price escalations need to be avoided
Business · Comprehensive income · Demographic economics · Earnings · Econometrics · Economics · Geography · Gross income · House price · Household income · Index (typography · Labour economics · Median income · Population · Public economics · Publication · Total personal income · Unearned income · Finance · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism
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Life‐Cycle Variations in the Association between Current and Lifetime Income
A new measure of housing affordability
Theory of the Consumption Function
The Singapore Economy
The analysis of household surveys
Life-Cycle Variation in the Association between Current and Lifetime Earnings
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An econometric model of housing price, permanent income, tenure choice, and housing demand
Permanent income, hedonic prices, and demand for housing
Identifying Households which Need Housing Assistance
Government Policies and Private Housing Prices in Singapore
Shelter Poverty
Is Consumption Growth Consistent with Intertemporal Optimization? Evidence from the Consumer Expenditure Survey
Is Housing Unaffordable? Why Isn't It More Affordable
The Intrinsic Estimator for Age-Period-Cohort Analysis
| Unique citing works | 7 |
|---|---|
| Citations per year | 0,54 |
| Citation span | 2013 - 2023 (11) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 7 |