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Estimating the Income Elasticity of Demand for Housing: A Comparison of Traditional and Lorenz-Concentration Curve Methodologies

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  • Hansen, Julia L.
  • Formby, John P.
  • Smith, W. James

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  • Hansen, Julia L. & Formby, John P. & Smith, W. James, 1998. "Estimating the Income Elasticity of Demand for Housing: A Comparison of Traditional and Lorenz-Concentration Curve Methodologies," Journal of Housing Economics, Elsevier, vol. 7(4), pages 328-342, December.
    • Handle: RePEc:eee:jhouse:v:7:y:1998:i:4:p:328-342
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    3. Kakwani, Nanak, 1977. "On the estimation of Engel elasticities from grouped observations with application to Indonesian data," Journal of Econometrics, Elsevier, vol. 6(1), pages 1-19, July.
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    5. Henderson, J Vernon & Ionnides, Yannis M, 1986. "Tenure Choice and the Demand for Housing," Economica, London School of Economics and Political Science, vol. 53(210), pages 231-246, May.
    6. Gillingham, Robert & Hagemann, Robert, 1983. "Cross-sectional estimation of a simultaneous model of tenure choice and housing services demand," Journal of Urban Economics, Elsevier, vol. 14(1), pages 16-39, July.
    7. Harmon, Oskar R., 1988. "The income elasticity of demand for single-family owner-occupied housing: An empirical reconciliation," Journal of Urban Economics, Elsevier, vol. 24(2), pages 173-185, September.
    8. Binh Tran‐Nam & Nripesh Podder, 1992. "On the Estimation of Total Expenditure Elasticities from Derived Engel Functions with Applications to Australian Micro‐Data," The Economic Record, The Economic Society of Australia, vol. 68(2), pages 142-150, June.
    9. Hoyt, William H & Rosenthal, Stuart S, 1990. "Capital Gains Taxation and the Demand for Owner-Occupied Housing," The Review of Economics and Statistics, MIT Press, vol. 72(1), pages 45-54, February.
    10. Goodman, Allen C., 1988. "An econometric model of housing price, permanent income, tenure choice, and housing demand," Journal of Urban Economics, Elsevier, vol. 23(3), pages 327-353, May.
    11. Chou, W L & Shih, Y C, 1995. "Hong Kong Housing Markets: Overview, Tenure Choice, and Housing Demand," The Journal of Real Estate Finance and Economics, Springer, vol. 10(1), pages 7-21, January.
    12. Lee, Lung-Fei & Trost, Robert P., 1978. "Estimation of some limited dependent variable models with application to housing demand," Journal of Econometrics, Elsevier, vol. 8(3), pages 357-382, December.
    13. Ihlanfeldt, Keith R., 1984. "Property taxation and the demand for housing: An econometric analysis," Journal of Urban Economics, Elsevier, vol. 16(2), pages 208-224, September.
    14. Ihlanfeldt, Keith Ray, 1981. "An empirical investigation of alternative approaches to estimating the equilibrium demand for housing," Journal of Urban Economics, Elsevier, vol. 9(1), pages 97-105, January.
    15. Kakwani, Nanak, 1978. "A new method of estimating Engel elasticities," Journal of Econometrics, Elsevier, vol. 8(1), pages 103-110, August.
    16. Goodman, Allen C., 1990. "Demographics of individual housing demand," Regional Science and Urban Economics, Elsevier, vol. 20(1), pages 83-102, June.
    17. Mayo, Stephen K., 1981. "Theory and estimation in the economics of housing demand," Journal of Urban Economics, Elsevier, vol. 10(1), pages 95-116, July.
    18. Hansen, Julia L. & Formby, John P. & Smith, W. James, 1996. "The Income Elasticity of Demand for Housing: Evidence from Concentration Curves," Journal of Urban Economics, Elsevier, vol. 39(2), pages 173-192, March.
    19. Polinsky, A Mitchell, 1977. "The Demand for Housing: A Study in Specification and Grouping," Econometrica, Econometric Society, vol. 45(2), pages 447-461, March.
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    2. Erling Røed Larsen, 2002. "Searching for Basic Consumption Patterns Is the Engel Elasticity of Housing Unity?," Discussion Papers 323, Statistics Norway, Research Department.
    3. Fredrik Carlsen & Stefan Leknes, 2022. "For whom are cities good places to live?," Regional Studies, Taylor & Francis Journals, vol. 56(12), pages 2177-2190, December.
    4. Gottlieb, Paul D. & Rudel, Thomas & O'Neill, Karen & McDermott, Melanie, 2011. "Is agricultural zoning exclusionary?," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103562, Agricultural and Applied Economics Association.
    5. Xinyi Wang & F. Atiyya Shaw & Patricia L. Mokhtarian & Giovanni Circella & Kari E. Watkins, 2023. "Combining disparate surveys across time to study satisfaction with life: the effects of study context, sampling method, and transport attributes," Transportation, Springer, vol. 50(2), pages 513-543, April.
    6. Roland Hodler & Kurt Schmidheiny, 2006. "How Fiscal Decentralization Flattens Progressive Taxes," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 62(2), pages 281-304, June.
    7. Dreger Christian & Kosfeld Reinhold, 2010. "Do Regional Price Levels Converge?," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 230(3), pages 274-286, June.
    8. Wilhelmsson, Mats, 2002. "Household Expenditure Patterns for Housing Attributes: A Linear Expenditure System with Hedonic Prices," Journal of Housing Economics, Elsevier, vol. 11(1), pages 75-93, March.
    9. Reinhold Kosfeld & Hans-Friedrich Eckey & Jorgen Lauridsen, 2008. "Disparities in Prices and Income across German NUTS 3 Regions," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 54(2), pages 123-141.
    10. Yoon Koh & Seoki Lee & Chris Choi, 2013. "The Income Elasticity of Demand and Firm Performance of US Restaurant Companies by Restaurant Type during Recessions," Tourism Economics, , vol. 19(4), pages 855-881, August.
    11. Paciorek, Andrew & Sinai, Todd, 2012. "Does home owning smooth the variability of future housing consumption?," Journal of Urban Economics, Elsevier, vol. 71(2), pages 244-257.
    12. Bloze, Gintautas & Skak, Morten, 2014. "Owning, letting and demanding second homes," Discussion Papers on Economics 1/2014, University of Southern Denmark, Department of Economics.
    13. David Albouy & Gabriel Ehrlich & Yingyi Liu, 2016. "Housing Demand, Cost-of-Living Inequality, and the Affordability Crisis," NBER Working Papers 22816, National Bureau of Economic Research, Inc.
    14. Craig Kerr, 2017. "The effect of amenities on local wage distributions," Letters in Spatial and Resource Sciences, Springer, vol. 10(2), pages 215-228, July.
    15. Yanke Dai & Yangfei Xu, 2022. "Cheating under Regulation: Evidence from “Yin-and-Yang” Contracts on Beijing’s Housing Market," Sustainability, MDPI, vol. 14(20), pages 1-29, October.
    16. Shing-Yi Wang, 2011. "State Misallocation and Housing Prices: Theory and Evidence from China," American Economic Review, American Economic Association, vol. 101(5), pages 2081-2107, August.
    17. Gervais, Martin & Fisher, Jonas, 2009. "Why has home ownership fallen among the young?," Discussion Paper Series In Economics And Econometrics 0907, Economics Division, School of Social Sciences, University of Southampton.
    18. Sherry A. Glied, 2008. "Mandates and the Affordability of Health Care," NBER Working Papers 14545, National Bureau of Economic Research, Inc.
    19. Brzezicka Justyna & Kobylińska Katarzyna, 2021. "An Analysis of the Income and Price Elasticity of Demand for Housing in View of Price Dynamics on the Residential Property Market," Real Estate Management and Valuation, Sciendo, vol. 29(4), pages 97-110, December.
    20. Harvey Cutler & Irina Strelnikova, 2004. "The Impact of the US Sales Tax Rate on City Size and Economic Activity: A CGE Approach," Urban Studies, Urban Studies Journal Limited, vol. 41(4), pages 875-885, April.

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