| Revista: | Journal of applied economics |
| Base de datos: | CLASE |
| Número de sistema: | 000430455 |
| ISSN: | 1667-6726 |
| Autors: | Larsen, Erling Roed1 |
| Institucions: | 1BI Norwegian Business School, Oslo. Noruega |
| Any: | 2014 |
| Període: | Nov |
| Volum: | 17 |
| Número: | 2 |
| Paginació: | 325-352 |
| País: | Argentina |
| Idioma: | Inglés |
| Tipo de documento: | Artículo |
| Enfoque: | Aplicado |
| Resumen en inglés | Housing is a major component of aggregate demand, and understanding how the demand for housing co-varies with income is useful for analysis and policy. While estimating housing consumption for tenants amounts to observing rents, estimating housing consumption for owner-occupiers is challenging because it is not directly observable and interest payments vary with re-paid principals. In order to examine the housing consumption for owneroccupiers, this article combines micro data sets on income and imputed rents for owneroccupiers based on home attributes from a consumer expenditure survey and monthly rents in a rental survey. This allows estimation of an Engel curve of owner-occupied consumption, both parametrically and non-parametrically. Regression results demonstrate that the income share of owner-occupied housing consumption decreases with income, while the Engel elasticity computed at the mean is 0.32 and increasing in income |
| Disciplines | Economía |
| Paraules clau: | Condiciones económicas, Economía de servicios, Teorías económicas, Vivienda, Curva de Engel, Arrendamiento, Propietarios |
| Text complet: | Texto completo (Ver PDF) |
