Housing over Time and over the Life Cycle: A Structural Estimation
نویسندگان
چکیده
منابع مشابه
Working Paper No. 09-7 Housing over Time and over the Life Cycle: a Structural Estimation
We 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 and nonhousing consumption, and explicitly incorporates a house adjustment cost. Our estimation fits the crosssectional and time-series household wealth and housing p...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1404607