The Demand for Housing in Britain and Population Ageing: Microeconometric Evidence
AbstractThis paper estimates a household's demand function for housing using household data. Estimates of the price and (current) income elasticities are robust at about -0.4 and 0.5 respectively. Independent of price and income effects, there is a strong age pattern to household demand. In conjunction with the age profile of household formation, this pattern implies that changes in the age distribution of the population have important effects on aggregate housing demand, although economic growth dominates in determining its rate of growth. Copyright 1996 by The London School of Economics and Political Science.
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Bibliographic InfoArticle provided by London School of Economics and Political Science in its journal Economica.
Volume (Year): 63 (1996)
Issue (Month): 251 (August)
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[The Effects of Demographic Changes on the Long Term Housing Demand in Turkey]," MPRA Paper 52013, University Library of Munich, Germany, revised 06 Dec 2013.
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- Joseph Nichols, 2004. "A Life-cycle Model with Housing, Portfolio Allocation, and Mortgage Financing," Econometric Society 2004 North American Winter Meetings 205, Econometric Society.
- Ermisch, John & Pevalin, David J., 2004. "Early childbearing and housing choices," Journal of Housing Economics, Elsevier, vol. 13(3), pages 170-194, September.
- Andrew Benito, 2006. "How does the down-payment constraint affect the UK housing market?," Bank of England working papers 294, Bank of England.
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