The authors estimate a structural model of optimal life-cycle housing and consumption in the presence of realistic … labor income and house price uncertainties. The model postulates constant elasticity of substitution between housing service …-sectional and time-series household wealth and housing profiles from the Panel Study of Income Dynamics quite well and suggests an …

Supersedes Working Paper 09-7. We estimate a structural model of optimal life-cycle housing and nonhousing consumption … between housing service and nonhousing consumption and explicitly incorporates a housing adjustment cost. Our estimation fits … the cross-sectional and time-series household wealth and housing profiles from the Panel Study of Income Dynamics (1984 to …

We estimate a structural model of optimal life-cycle housing and nonhousing consumption in the presence of labor income … and house price uncertainties. The model postulates constant elasticity of substitution between housing service and … nonhousing consumption and explicitly incorporates a housing adjustment cost. Our estimation fits the cross-sectional and time …

importance. In the second part of the paper we employ a standard model of dynamic optimisation with housing demand and seasonal … housing consumption …

during busts. The standard model of housing demand treats housing as a quantity of "housing services", an imaginary … housing services as fixed is able to do this. This is shown by means of a formal analysis of a model in which households that … differ in income are allocated over a given housing stock. In particular, the model predicts that the price of housing as a …

This paper presents new evidence on the utility – or well-being – derived from housing. There are three areas of focus … to housing as a complementary good to family life; 2) whether well-being related to housing consumption varies by home …

This paper analyzes the components of housing demand in Mexico in the context of developing and developed nations. The … case of Mexico is particularly interesting given that population and income dynamics, as well as current housing shortages …, suggest that the demand for housing will significantly increase in the near future. We use micro-level data from market …

This paper uses the housing market to examine the costs of indoor air pollution. We focus on radon, an indoor air …

for MDCBs (multi-dwelling and commercial buildings) in Sweden. We use high quality data for housing and municipality … test indicates that standard housing and municipality attributes are important determinants to sales prices. We have also …

often differ among market segments. We develop a methodology for measuring house prices as a flexible function of housing … all parts of the housing market. Our approach is based on a generalization of the familiar (constant unit price) Muth … model to a situation of in which the unit price of housing services may depend on the quality level. We apply the method to …