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Housing over Time and over the Life Cycle : A Structural Estimation
Li, Wenli - 2019
and nonhousing consumption, and explicitly incorporates a house adjustment cost. Their estimation fits the cross …-sectional and time-series household wealth and housing profiles from the Panel Study of Income Dynamics quite well and suggests an … aggregate homeownership rate and aggregate nonhousing consumption. The average marginal propensity to consume out of housing …
Persistent link: https://www.econbiz.de/10012906249
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Housing Over Time and Over the Life Cycle : A Structural Estimation
Li, Wenli - 2015
nonhousing consumption and explicitly incorporates a housing adjustment cost. Our estimation fits the cross-sectional and time …, the impact of the shocks on homeownership rates is reduced, but the impact on nonhousing consumption is magnified when the …
Persistent link: https://www.econbiz.de/10013029666
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Housing habits and their implications for life-cycle consumption and investment
Kraft, Holger; Munk, Claus; Wagner, Sebastian - 2015
We set up and solve a rich life-cycle model of household decisions involving consumption of both perishable goods and housing services, stochastic and unspanned labor income, stochastic house prices, home renting and owning, stock investments, and portfolio constraints. The model features habit...
Persistent link: https://www.econbiz.de/10010482078
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Intratemporal nonseparability between housing and nondurable consumption : evidence from reinvestment in housing stock
Khorunzhina, Natalia - 2019
within a period than to substitute composite consumption bundles over different time periods. …
Persistent link: https://www.econbiz.de/10012023937
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Intratemporal nonseparability between housing and nondurable consumption : evidence from reinvestment in housing stock
Khorunzhina, Natalia - 2019
within a period than to substitute composite consumption bundles over different time periods. …
Persistent link: https://www.econbiz.de/10012024427
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Housing habits and their implications for life-cycle consumption and investment
Kraft, Holger; Munk, Claus; Wagner, Sebastian - 2015
We solve a rich life-cycle model of household decisions involving consumption of perishable goods and housing services, habit formation for housing consumption, stochastic labor income, stochastic house prices, home renting and owning, stock investments, and portfolio constraints. In line with...
Persistent link: https://www.econbiz.de/10012061643
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Housing demand and tenure choice in Brazilian urban areas
Morais, Maria da Piedade; Cruz, Bruno de Oliveira - 2017
This paper analyzes the main determinants of tenure choice in Brazil in formal and informal housing markets. Logit and Multinomial Logit models with several specifications are used to test the household's tenure choice behavior taking demographic, social, economic and locational factors as...
Persistent link: https://www.econbiz.de/10012061001
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Housing over time and over the life cycle : a structural estimation
Li, Wenli; Liu, Haiyong; Yang, Fang; Yao, Rui - 2015 - Rev.
Persistent link: https://www.econbiz.de/10010502814
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Housing over time and over the life cycle : a structural estimation
Li, Wenli; Liu, Haiyong; Yao, Rui - 2009
Persistent link: https://www.econbiz.de/10003821141
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Housing over time and over the life cycle : a structural estimation
Li, Wenli; Liu, Haiyong; Yang, Fang; Yao, Rui - 2014
Persistent link: https://www.econbiz.de/10011302575