Wohnkosten und Besitzformwahl - Empirische Ergebnisse der Einkommens- und Verbrauchsstichprobe
AbstractThe paper investigates which impact housing costs have upon the tenure choice of households. In using the German "Einkommens- und Verbrauchsstichprobe 1993" a rich amount of both, individual household and dwelling data is available. By means of regression analysis hedonic rental costs and hedonic market values are estimated. The use of hedonic values guarantees the comparability of renters and owner occupiers. The cost difference between rent and user costs (determined as cost of capital, tax advantage and maintenance expenditure) could be calculated household individually. It is the variable with the strongest explanatory power in different logit models of tenure choice. Income and socio-demo-graphic variables seem to serve as proxies for certain cost components, if the cost variable is specified less adequately.
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Bibliographic InfoArticle provided by Justus-Liebig University Giessen, Department of Statistics and Economics in its journal Journal of Economics and Statistics.
Volume (Year): 220 (2000)
Issue (Month): 6 ()
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Rent. user costs; tenure choice;
Find related papers by JEL classification:
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
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- Frick, Joachim R. & Grabka, Markus M., 2001.
"Der Einfluß von Imputed Rent auf die personelle Einkommensverteilung,"
EconStor Open Access Articles,
ZBW - German National Library of Economics.
- Joachim R. Frick & Markus M. Grabka, 2001. "Der Einfluß von Imputed Rent auf die personelle Einkommensverteilung," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 221(3), pages 285-308.
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