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An analysis of housing expenditure using semiparametric models and panel data

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Author Info
Charlier, E.
Melenberg, B.
Soest, A. van (Tilburg University, Center for Economic Research)

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Abstract

In this paper we model expenditure on housing for owners and renters by means of endogenous switching regression models for panel data. We explain the share of housing in total expenditure from a household specific effect, family characteristics and total expenditure, where the latter is allowed to be endogenous. We consider both random and fixed effects panel data models. We compare estimates for the random effects model with estimates for the linear panel data model in which selection only enters through the fixed effects and with estimates allowing for fixed effects and a more general type of selectivity. Differences appear to be substantial. The results imply that the random effects model as well as the linear panel data model are too restrictive.

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Publisher Info
Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 14.

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Date of creation: 1997
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Handle: RePEc:dgr:kubcen:199714

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Related research
Keywords: Engel curve;

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Find related papers by JEL classification:
C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Semiparametric and Nonparametric Methods
C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data
R21 - Urban, Rural, and Regional Economics - - Household Analysis - - - Housing Demand

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  1. Pederson, P. J. & Schmidt-Sorensen, J. B. & Smith, N. & Westergard-Nielsen, N., 1990. "Wage differentials between the public and private sectors," Journal of Public Economics, Elsevier, vol. 41(1), pages 125-145, February. [Downloadable!] (restricted)
  2. Blundell, Richard & Walker, Ian, 1986. "A Life-Cycle Consistent Empirical Model of Family Labour Supply Using Cross-Section Data," Review of Economic Studies, Blackwell Publishing, vol. 53(4), pages 539-58, August. [Downloadable!] (restricted)
  3. Zorn, Peter M., 1993. "The Impact of Mortgage Qualification Criteria on Households' Housing Decisions: An Empirical Analysis Using Microeconomic Data," Journal of Housing Economics, Elsevier, vol. 3(1), pages 51-75, December. [Downloadable!] (restricted)
  4. Donald W.K. Andrews & Marcia A. Schafgans, 1996. "Semiparametric Estimation of a Sample Selection Model," Cowles Foundation Discussion Papers 1119, Cowles Foundation, Yale University. [Downloadable!]
  5. Vella, F. & Verbeek, M., 1994. "Two-Step Estimation of Simultaneous Equation Panel Data Models with Censored Endogenous Variables," Discussion Paper 55, Tilburg University, Center for Economic Research. [Downloadable!]
  6. Horowitz, Joel L, 1992. "A Smoothed Maximum Score Estimator for the Binary Response Model," Econometrica, Econometric Society, vol. 60(3), pages 505-31, May. [Downloadable!] (restricted)
  7. Ioannides, Yannis M & Rosenthal, Stuart S, 1994. "Estimating the Consumption and Investment Demands for Housing and Their Effect on Housing Tenure Status," The Review of Economics and Statistics, MIT Press, vol. 76(1), pages 127-41, February. [Downloadable!] (restricted)
  8. Ahn, Hyungtaik & Powell, James L., 1993. "Semiparametric estimation of censored selection models with a nonparametric selection mechanism," Journal of Econometrics, Elsevier, vol. 58(1-2), pages 3-29, July. [Downloadable!] (restricted)
  9. 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. [Downloadable!] (restricted)
  10. Chamberlain, Gary, 1980. "Analysis of Covariance with Qualitative Data," Review of Economic Studies, Blackwell Publishing, vol. 47(1), pages 225-38, January. [Downloadable!] (restricted)
  11. Charlier, E., 1994. "A smoothed maximum score estimator for the binary choice panel data model with individual fixed effects and applications to labour force participation," Discussion Paper 81, Tilburg University, Center for Economic Research. [Downloadable!]
  12. Chesher, Andrew & Irish, Margaret, 1987. "Residual analysis in the grouped and censored normal linear model," Journal of Econometrics, Elsevier, vol. 34(1-2), pages 33-61. [Downloadable!] (restricted)
  13. Amemiya, Takeshi, 1984. "Tobit models: A survey," Journal of Econometrics, Elsevier, vol. 24(1-2), pages 3-61. [Downloadable!] (restricted)
  14. Charlier, E. & Melenberg, B. & Soest, A. van, 1997. "An analysis of housing expenditure using semiparametric cross-section models," Discussion Paper 15, Tilburg University, Center for Economic Research. [Downloadable!]
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  1. Askildsen, Jan Erik & Baltagi, Badi H. & Holmas, Tor Helge, 2002. "Will Increased Wages Reduce Shortage of Nurses? A Panel Data Analysis of Nurses' Labour Supply," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
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  2. Jos van Ommeren & Michiel van Leuvensteijn, 2002. "New Evidence of the Effect of Transaction Costs on Residential Mobility," Tinbergen Institute Discussion Papers 02-117/3, Tinbergen Institute. [Downloadable!]
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  3. Raymond, Wladimir & Mohnen, Pierre & Palm, Franz & Schim van der Loeff, Sybrand, 2009. "Innovative Sales, R&D and Total Innovation Expenditures:Panel Evidence on their Dynamics," UNU-MERIT Working Paper Series 029, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology. [Downloadable!]
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  4. Anil Kumar, 2004. "Taxes, Deadweight Loss and Intertemporal Female Labor Supply: Evidence from Panel Data," Center for Policy Research Working Papers 61, Center for Policy Research, Maxwell School, Syracuse University. [Downloadable!]
  5. Farrell, Lisa & Shields, Michael A., 2001. "Child Expenditure: The Role of Working Mothers, Lone Parents, Sibling Composition and Household Provision," IZA Discussion Papers 388, Institute for the Study of Labor (IZA). [Downloadable!]
  6. Anil Kumar, 2005. "Lifecycle consistent estimation of effect of taxes on female labor supply in the US: evidence from panel data," Working Papers 05-04, Federal Reserve Bank of Dallas. [Downloadable!]
  7. Dustmann, Christian & Rochina-Barrachina, María Engracia, 2000. "Selection Correction in Panel Data Models: An Application to Labour Supply and Wages," IZA Discussion Papers 162, Institute for the Study of Labor (IZA). [Downloadable!]
  8. Nilsson, William, 2005. "Unemployment, Splitting Up and Spousal Income Replacement," UmeÃ¥ Economic Studies 651, Umeå University, Department of Economics. [Downloadable!]
  9. Maria Ana Odejar & Kostas Mavromaras & Mandy Ryan, 2004. "Messy Data Modelling in Health Care Contingent Valuation Studies," Econometric Society 2004 North American Summer Meetings 406, Econometric Society. [Downloadable!]
  10. Akhmedov Akhmed & Orlov Evgeniy, 2004. "Can Government Paternalism Prevent Credit Market Failure?," EERC Working Paper Series 04-02e, EERC Research Network, Russia and CIS. [Downloadable!]
  11. Jan Erik Askildsen & Badi H. Baltagi & Tor Helge Holmås, 2003. "Wage policy in the health care sector: a panel data analysis of nurses' labour supply," Health Economics, John Wiley & Sons, Ltd., vol. 12(9), pages 705-719. [Downloadable!]
  12. Charlier, E. & Melenberg, B. & Soest, A. van, 1997. "An analysis of housing expenditure using semiparametric cross-section models," Discussion Paper 15, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
  13. Driesen Bram & Perea Andrés & Peters Hans, 2009. "The Kalai-Smorodinsky Solution with Loss Aversion," Research Memoranda 030, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization. [Downloadable!]
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