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The Effects of Housing Push Factors and Rent Expectations on Household Formation of Young Adults

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Author Info
Zhu Xiao Di () (Harvard University, Joint Center for Housing Studies, 1033 Massachusetts Avenue, 5th Floor, Cambridge, MA 02138)
Xiaodong Liu () (Ohio State University, 315C Ramseyer Hall, 29 W. Woodruff Ave., Columbus, OH 43210)
Abstract

Following a group of young adults aged 25–34 living with their parents in the American Housing Survey (AHS) data from 1985 through 1995, this paper investigates the effect of overcrowding and neighborhood satisfaction on household formation after controlling for local rental levels and their changes over time. Most of these except for local rent levels have not been tested before in models and hence this study enriches the knowledge on household formation and its consequent potential demand for rental and ownership housing units.

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File URL: http://aux.zicklin.baruch.cuny.edu/jrer/papers/pdf/past/vol28n02/03.149_166.pdf
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Publisher Info
Article provided by American Real Estate Society in its journal journal of Real Estate Research.

Volume (Year): 28 (2006)
Issue (Month): 2 ()
Pages: 149-166
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Handle: RePEc:jre:issued:v:28:n:2:2006:p:149-166

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L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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  1. Ermisch, John & Di Salvo, Pamela, 1997. "The Economic Determinants of Young People's Household Formation," Economica, London School of Economics and Political Science, vol. 64(256), pages 627-44, November. [Downloadable!] (restricted)
  2. Haurin, Donald R & Hendershott, Patric H & Kim, Dongwook, 1993. "The Impact of Real Rents and Wages on Household Formation," The Review of Economics and Statistics, MIT Press, vol. 75(2), pages 284-93, May. [Downloadable!] (restricted)
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This page was last updated on 2009-11-6.

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