Interdependencies in Social and Economic Decision Making
A Conditional Logit Model of the Joint Homeownership-Mobility Decision
Bibliographic Data
| ID | 2192255 |
|---|---|
| Authors | Steven D Silver (0000-0002-7871-8114, corresponding author) |
| Year | 1988 |
| Volume | 15 |
| Issue | 2 |
| Pages | 234 |
| Publication date | 1988-09-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Consumer Research (JOURNAL) |
| Journal identifiers | ISSN: 0093-5301 • E-ISSN: 1537-5277 |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1086/209160 |
| OpenAlex | W2044847490 |
| Language | EN |
| Citations received | 1 |
| References cited | 15 |
Homeownership is one of the most important financial and social decisions consumers face. Typically, this decision is made jointly with decisions such as how much to save and whether to move. Although major consumption decisions most often are studied independently in consumer research, modeling interdependencies can contribute to interpretation of influences on their outcomes. The interdependency between decisions of homeownership and residential mobility is modeled in a conditional logit specification with household status level and cognitive factors as explanatory variables. Results indicate that these constructs have indirect effects on ownership through mobility that are unobserved if the decisions are considered independently
Actuarial science · Consumption (sociology) · Econometrics · Economics · Interdependence · Logistic regression · Logit · Microeconomics · Mixed logit · Sociology · Computer Science · Economic and Environmental Valuation · Housing Market and Economics · Urban Transport and Accessibility
Achievement motivation and attribution theory.
On the New Theory of Consumer Behavior
Generalized expectancies for internal versus external control of reinforcement.
The Economic Approach to Human Behavior
A Multiple-Attribute Housing Consumption Disequilibrium Model of Intra-Metropolitan Residential Mobility
Cross-sectional estimation of a simultaneous model of tenure choice and housing services demand
The relationships between income and price elasticities in studies of housing demand, tenure choice, and household formation
Tenure choice and expected mobility
Social Class and Mental Illness
Internal versus external control of reinforcement and decision time
The Educational and Early Occupational Attainment Process
Class, Occupation, and Orientation
Parental Status and Child's Home Ownership
Size of Place, Residential Preferences and the Life Cycle
The Status of Tenants in the United States
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,03 |
| Citation span | 1995 - 1995 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |